Comments on: Portfolio Cover: After the Fall

By: Pete

Pete — Thu, 13 Nov 2008 21:03:04 +0000

Good call .

@Mike in Nola Says:
November 13th, 2008 at 2:47 pm-Big bullish sign: Cramer pooh-poohing rally.

By: DL

DL — Thu, 13 Nov 2008 20:04:43 +0000

Mannwich @ 2:57

The Dow would have to get to 6000 for Luskin to capitulate.

For Bowyer, it would have to go to 1000.

By: Mannwich

Mannwich — Thu, 13 Nov 2008 19:57:37 +0000

@Mike in Nola: What about Bowyer and Luskin? Did they ever capitulate? If not, I’m still bearish.

By: Mike in Nola

Mike in Nola — Thu, 13 Nov 2008 19:47:44 +0000

Big bullish sign: Cramer pooh-poohing rally.

By: DP

DP — Thu, 13 Nov 2008 18:51:44 +0000

@I-Man:

I wondered that too, what is the “margin of error” on a retest? How much data to we really have? Many of the trading charts way back in the past were from a non-digital era before people could set up trades to run at exactly “840.23232″ on the SPX or whatever benchmarks they used.

Anecdotally, I noticed that even during the run down UYM behaved itself very well. Picked up a little, let’s see how that does.

By: albnyc

albnyc — Thu, 13 Nov 2008 18:47:27 +0000

@Whammer:

Proof that “stupid is as stupid does” I guess. Off to plant my corn crop…

By: Whammer

Whammer — Thu, 13 Nov 2008 18:40:59 +0000

Good on ya, Mind!

@albnyc — sounds like the way I was diversified in 2000 — hardware, software, networking, dot coms……

I just have a secret desire to work until I’m 93………

By: Pat G.

Pat G. — Thu, 13 Nov 2008 18:40:52 +0000

“Problem is we don’t know what bonds are good either.”

Look for that market to crash in 2009.

By: DL

DL — Thu, 13 Nov 2008 18:26:25 +0000

John Kenneth Galbraith has said that “fiscal memory” lasts about 20 years.

In this case, I think it’ll be a lot less. The “financial engineers” on Wall Street will be back before long.

By: I-Man

I-Man — Thu, 13 Nov 2008 18:22:21 +0000

Is this muted response and current bounce off of breaking the lows on SPX an indication that we’ve already made our “psychological low”…?

This could be a solid entry point for new longs should we pick up some volume on the buying… maybe there were a ton of buyers waiting precisely for a retest/break scenario before committing new capital to equities. That would make sense given the uncertainty surrounding the election following our last low…

Thats the only thing I can think of to describe what we’re seeing now.