Comments on Fund My Mutual Fund: Nice While it Lasted

It's "Fibonacci" .. single 'n'Leonardo of Pisa (c....

2008-11-20T18:24:00.000-05:00

It's "Fibonacci" .. single 'n'

Leonardo of Pisa (c. 1170 – c. 1250), also known as Leonardo Pisano, Leonardo Bonacci, Leonardo Fibonacci, or, most commonly, simply Fibonacci, was an Italian mathematician, considered by some "the most talented mathematician of the Middle Ages"

TM.. It's Fibonnacci (Kinda like Mississippi.. Too...

2008-11-20T18:00:00.000-05:00

TM.. It's Fibonnacci (Kinda like Mississippi.. Too many sequential consonants.. ) Anyway.. My concern is that in this will lead to Main Street problems. We've already had a major auto dealer get shut down and three large (for us) major stores and two restaurants. That's a lot for our little foothill community. I'm guessing that if we pass through 600, Yamada may have to recalculate... Anyway.. Wipe a little smiley-face in the dew on your glass of cool-aid and enjoy the broadcast...

Bye! jegan

TM.. Just logged back into email.. Sorry about the...

2008-11-20T17:52:00.001-05:00

TM.. Just logged back into email.. Sorry about the bad news from Yamada.. Unfortunately, he didn't give a timeframe.

And I do agree with your feelings about Schiff and commodities in the same way I feel that you can't blindly follow the statements of Jim Rogers. Well.. At least, I can't afford to...But it will rebound, either from demand or inflation and all three of them will be proven correct I guess I'll be looking at OIH at about $45 now.

Darn, I was afraid she's go there.I'll check out t...

2008-11-20T17:52:00.000-05:00

Darn, I was afraid she's go there.

I'll check out the clip online; 600 I'm good with. 400 not so much, but unfortunately it is probable.

We're going to lose so many investors who will never come back to the market if the 400 happens. Even more than we already did - most normal people do not play the short side.

This 400 also agrees with Bill's Fibonocci or however you spell it.

I wonder how many bankruptcies will equate to S&P 400. More than even I assumed.

I might turn out to be kool aid drinking bull in a relative sense even with all my dire calls - lol.

Ok.. They said Louise was to come on after.. What ...

2008-11-20T17:45:00.000-05:00

Ok.. They said Louise was to come on after.. What they meant was after the commercial break.

I watched Yamada tell the Fast Money crowd that the DOW would drop at least to 10,000 (while it was at about 12,000) and proably fall through that level as well. They were very amused. I have since read her book. Dry but very enlightening.

She came on the show and said that she agreed with Schiff. She also said that the market will not stay at this present level and has further to fall. She suggests the SP500 at 600 and then 400. Further, she states that the market has no support for the normal recovery/safe sectors health and consumer staples..

jegan

I praise Schiff for the economy calls but to be fr...

2008-11-20T17:44:00.000-05:00

I praise Schiff for the economy calls but to be frank the dump dollar, long commodities trade, go foreign has destroyed people the since July 1.

It's easy to give the sweeping generalizations... I also agree the dollar has a long way to go down, and I love commodities for the long run. Buying into those thesis and sticking with them the past 4-5 months would cost one at least 75% of their money.

Not knocking him, but the market is about timing. What is true in the long run can be completely opposite in the near run. I would love to know how his accounts are doing since Jul 1. Frankly every most major hedge funds was in that trade as well - and we see what that thesis has done to them; many are going out of business.

Let me know what Yamada's downside target is on S&P. I hope it is with a 6 in front of it and not a 5, 4, or 3 (S&P)

peter Schiff was just on Fast Money... he suggests...

2008-11-20T17:33:00.000-05:00

peter Schiff was just on Fast Money... he suggests dumping the dollar, buying commodities and solid beaten down companies. Gold to hit $2000 an oz next year.

Louise Yamada is supposed to be on CNBC next hour (err... I'm guessing after Jim Cramer... ) She's going to tell us what keeps her awake at night.. I'm presuming it isn't a weak bladder... Yamada is also a commodity and gold bull.

jegan

Yes, wrong orifice - you don't want to catch thing...

2008-11-20T17:05:00.000-05:00

Yes, wrong orifice - you don't want to catch things there.

I think the problem from what I'm reading is he said effectively nothing.

it seems they've punted everything to Obama which means the market is stuck to its own devices for 2 months. The horror :)

The only positive I am drawing is no market in the next 30 years aka the time I should be employed in this industry will shape up to this. I can scoff at any downturn in the future and chuckle snidely to self when some young buck talks about how tough the 2017 market is. Then I can tell him how I traded uphill, both ways, barefoot.

It is like we are compressing 4-5 years of the 1930s all into 1 year. The full 2000-2002 bear in 3 months, sheesh.

What did Paulson say that was so drastic anyway? I...

2008-11-20T16:09:00.000-05:00

What did Paulson say that was so drastic anyway? I am reading his speech, it's just empty waffle...

Yea I "caught" that 2hr rally this morning, only in marketocracy account though not real money thankfully....

yeah..Carl Marx never thought of socialism would c...

2008-11-20T16:06:00.000-05:00

yeah..Carl Marx never thought of socialism would come this way.