Stocks going through the floor

Bob Brinker's Marketimer: Editor Bob Brinker, in his latest issue, dated June 5, says that he believes that there is "no risk" of a bear market occurring this year (defined as a decline in the Standard & Poor's 500 index (SPX :
of more than 20%). His model stock portfolios remain fully invested
 
Quote from PohPoh:

Here it comes..
It may be short, it will be sweet (if you're short)...
but it's coming here, now, today, tommorrow, maybe the day after...
Don't know how long it'll last, where it's gonna go (target 1464.75 ES)...

Why? Combination of my technicals and the screaming bond yields...
More...

Tell it Brotha.

John
 
The week after June's triple witching day has been down in 13 of the past 15 years. Seasonal tendencies are all going according to plan this year so expect it to continue.
 
I'm still sticking to my guns

There is little correlation between the 10 year shit and stocks.

Now everyones eyes are suddenly glued to the 10 year as if determines the entire fate of the US stock market.

it was frustrating watching the markets crater in the last hour when a strong finish seemed almost assured, but oh well.
 
Quote from stock_trad3r:


There is little correlation between the 10 year shit and stocks.
More...

DID YOU HEAR THAT WALL ST.?! THE GUY WORTH A WHOPPING $100K AND WITH A 17" MONITOR WHO USES "COMPUTER QUOTES" FOR HIS DATA FEEDS SAYS THAT THERE ISN'T A CORRELATION BETWEEN 10 YEAR BONDS AND STOCKS....YOU GUYS HAVE BEEN WRONG ALL ALONG.

stock_turder, I do believe you've saved the day again little buddy. :p
 
June is historically Negitive if you do the counting. (Dec's are usally worse.)

Consumer spending will be less, energy prices, true inflation at the supermarket, etc. These numbers will show in the next quarter or two.

Housing market has stalled but not yet truly collapsed across the broad US.

Refinancing is slowing, thus so are big ticket items.

We are already in a recession how the gov. numbers the economist use to show quartly gains is skewed.

China is starting to out source inflation.

The bond market is gearing for Rake Hikes.

However, cash on the sidelines waiting to short, probably will not flow until we see a serious reversal. When is that? Unknown.
 
The bottom line is that wage growth has been accelerating even as consumer debt assumption has been declining. The growth of the U.S. economy is not as dependent on consumer debt assumption--particularly cash-out refinancings--as the conventional wisdom apparently believes.

____________________________________________________

cough cough BULL#$() cough cough....
 
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