Quote from LEAPup:
My Sister, a Chemical Engineer laid off by DOW.
Brother-in-law, laid off from a biotech company.
Client of mine who runs a large chemical tank trucking company has laid off 45 drivers. First time in his company history to lay off... Client is now taking cash distributions out of his account every month to help meet payroll...
Major steel company here closed. 600+ jobs gone.
Major aluminum company here closed. 1000+ jobs gone.
I could go on...
I'm a transplant from New Orleans to Appalachia. I live in a large city here, but have never tasted a possum or other "critter." Lol!! Yuck!!! I'll eat deer due to the ultra low fat, and high protein. It's good stuff. I'll eat "mud bugs" (craw fish), and people here will get ill at the thought. Lol!
Since my Sons beat me at Golf, I paid for a Father's Day swordfish, salad, baked potato, cole slaw, and sweet tea dinner. Lol!!
Possums??? Yuck!!! Never! Lol!!!
Regardless of direction, I predict that most price/time predictions will be proven wrong, particularly dramatic predictions, and especially longer term dramatic predictions based on technicals, notably when they are based on wobbly theories such as "wave analysis." But that's just me.Quote from ByLoSellHi:
http://www.prweb.com/releases/2009/06/prweb2537224.htm
NEoWave Warns Stock Market Has Peaked for 2009
NEoWave Institute's Glenn Neely is forecasting the largest vertical drop of the decade for the S&P 500. Neely predicts the stock market will decline 50% in the next 6 months.
Aliso Viejo, CA (PRWEB) June 16, 2009 -- Glenn Neely, founder of NEoWave Institute and prominent Elliott Wave analyst, today announces a startling prediction: The S&P 500 is forming a major top in June, which will be followed by a large decline, eventually pushing the stock market to record lows for the decade.
"Technically speaking, according to NEoWave a correction began at last October's low; the March-June rally is the final leg of that correction," Neely explains. "The March-June rally is now ending, allowing the bear market to resume. During the next six months, the S&P will decline 50% or more, breaking well below 500!" Currently, the S&P is hovering around 917.
Glenn Neely is providing this information not as a specific trade recommendation but as a general public service announcement. A prominent Elliott Wave analyst, Neely was recently recognized in Timer Digest's May issue as the #1 stock market timer for the past 12 months.
Quote from drjekyllus:
Ohhh no, not Elliot Wave.
Quote from S2007S:
At least someone telling the forum how it is, I cant believe some people on here do not know of one person laid off during this ever slowing economic downturn.
Past weekend heard of another person laid off, worked as a chef in a high end hotel in an "ever expanding" city near me.
Now I believe he is relocating to another area in Washington hundreds of miles from where he lives, will see what happens.
Quote from marketsurfer:
Hedge Fund Manager Hendry Warns of Market Correction
06/22/2009 2:49:46 PM ET
MONACO (Reuters)âThe current rebound in stock markets is a bear rally and could turn by September, according to hedge fund manager Hugh Hendry, who has recently cut exposure to agricultural stocks. Mr.......
Quote from marketsurfer:
Hedge Fund Manager Hendry Warns of Market Correction
06/22/2009 2:49:46 PM ET
MONACO (Reuters)âThe current rebound in stock markets is a bear rally and could turn by September, according to hedge fund manager Hugh Hendry, who has recently cut exposure to agricultural stocks. Mr.......
Quote from marketsurfer:
the issue i have with these pronouncements is what has happened to the money? markets are truly a zero sum game minus the vig ofcourse--therefore the capital has merely changed hands---- some one has it, and is spending it,,,,,,