Bob Brinker in Oct update says S&P 500 has potential to reach 1,900 by end of Q1/2015 . Latest letter just came out yesterday and this is a big change to prior updates. Gulp.
Reports MARGIN VOLUME PEAKING IN BLOWOFF IN FEB. IS KEY to dismall returns going forward. You can check out the margin volume peak w/simple goold search "Margin debt NYSE", then click on data link in upper left column. Every major top included a margin debt volume peak 6 to 8 months prior to crash, so this would be confirmed as well going w/prior forwarning from margin debt data.
We've all witnessed the greatest promotion of "Buy US stocks no matter what" in US history. Problem is, IT'S ALL BEING DONE ON MARGIN. Just like subrime mortgage lending and now "subprime car loan lending", the US stock market is a pool of leveraged assets. Unfortunately, stock margin debt volume peaked 6 months ago in February. And, 6 months after, came September, and that's exactly when the correction began. DON'T BELIEVE WHAT YOU SEE ON CNBC OR BLOOMBERG, the TALKING HEADS WILL TELL YOU ANYTHING TO SOUND INTELLIGENT, HOPING TO BE RIGHT SOME DAY. But, that advice is FREE and we know what FREE advice is worth today, right? So you can bet on it that once we get this tiny rebound day or two, we will have the stage set for the decline of the decade. What happens every time that margin debt or subprime anything debt turns into a bubble? It pops.
I suspect we will get a few "SUCKER RALLIES" and "DEAD CAT BOUNCES" along the way during this feeding frenzy selloff. HONESTLY, I HAVE NEVER SEEN MORE PEOPLE TALKING ABOUT THE STOCK MARKET SINCE THE 2000 TOP. And, I have never seen more people buying the NYSE, S&P and Nasdaq on MARGIN DEBT since the 2000 and 2007 PEAKS. The was not the "SCARE THEM TO DEATH DROP IN STOCKS". This was the "HERE'S A TASTE OF HOW IT WILL FEEL TO CATCH A FALLING KNIFE" drop. A little teaser before the stark reality THE PROBLEM ISN'T THAT THE MARKET'S TOO HIGH, IT'S THAT MARGIN DEBT IS. AND, MARGIN DEBT PEAKED 6 MONTHS AGO, JUST LIKE IT DID IN 2000 AND 2007.
If we barely budge and cap off a bounce with a 1 to 1.4% move, then struggle, chances are we're in big trouble with the market as a whole. Look at all of the wonderful news that we were getting in the last week of September. And, the market struggled to take out overhead resistance. Today and Monday will be exactly the same scenario in my opinion, but we don't make money with opinions. I'm long up to 196.5 and that's the downward trend line that needs to be respected should the decline resume it's uggliness. Watch for the close and if above 196.75, we should continue the rally. But, also keep an eye on the Russelll 2000 because it may just roll right over into a waterfall correction. Does not look good for the Russell 2000 from this am's futures. Only up marginally as compared to the other indices It's a caution flag.
That's gotta change in a hurry for this market to have a chance. We're running out of time.
Dent Research Employment Index Reveals Jobs Quality is Getting Worse
Dear Yahoo Finance Member,
Despite all the excitement, the September jobs report is a disappointment. Sure, the latest report from the Bureau of Labor Statistics (BLS) revealed a significant increase in the workforce and a decrease in the unemployment rate. But proprietary analysis from Dent Research shows that the economy added more low-quality jobs than high-quality jobs last month, reversing a three-month trend.
On the surface, this morning’s Employment Situation release was rosy. The labor market beat expectations by adding 248,000 nonfarm payroll employees, instead of the anticipated 215,000. More importantly, the unemployment rate dipped to 5.9% from 6.1%. This marks the first time the rate has dropped below 6% since July 2008.
However, our analysis reveals that the majority of the 236,000 private job additions fell below the median wage level (see chart below). In fact, nearly 47% of all the new jobs created in September occurred in the three lowest paying wage buckets, primarily in the retail and hospitality industries.
See larger image
According to index creator and Dent Research co-founder Rodney Johnson: “The jobs in these lower-paying industries aren’t going to create the boost in consumer spending and borrowing that we need to get our economy humming again. Each month that we see more additions below the median is another month that delays a full recovery.”
The Dent Research Employment Index digs beneath the BLS’ headline numbers to measure the quality of jobs added each month. It provides a more complete picture of the job market by tracking where jobs are being created along the wage scale. For a more detailed explanation of our methodology, please click here to view our employment white paper.
Anyone else, and it would be insider trading based on conversations with the CEO of Apple. But, when you have the deep pockets you can have "ANYTHING" , EVEN INSIDE INFORMATION LIKE WHEN A BUY BACK MAY OR MAY NOT HAPPEN AND EVEN THE AMOUNT OF THAT BUY BACK. Listen to Icahn's video clip today on CNBC. Be careful Carl with your words, you may just incriminate yourself.
Is Carl Incriminating himself on CNBC in realtime w/notes about Tim Cook conversation with him and buyback info.?
And, we wonder why the majority of the world's investors feel that the market is rigged? Carl Icahn, that's why
The market is down huge and Apple is up while CNBC pimps Carl Icahn to prop Apple stock. As soon as the Carl Icahn CNBC Apple Pimp show ends and the talk stops on Apple, Apple will FALL LIKE A SKYDIVER.
Mark my word, Icahn is telling his trading crew to dump Apple while talking on CNBC. I hope the SEC digs into trading records for 10/09/14 and line them up with sell orders while on cnbc. If the US gov. wants to find some extra punative cash, it's being waved in front of your face on CNBC this very minute w/every word puking out of Icahn's mouth. Very disturbing that the SEC allows for stock manipulation of this kind on Cnbc OR ANY NETWORK being broadcasted around the world during open market sessions. Very disturbing!
If I understand this right, the overall majority of top timing letter writers are issuing sell signal for October/2014. I just got the info via text and email.
Apple Pay will be a Dudd, iWatch is a Dudd, AppleTV is a Dudd and iphone 6+ Bends = Innovator ?
All cash piles run out when innovation peaks and starts it's decline. You'll be amazed at how fast the cool leaves the room along with Icahn's pimping of the shares.
1987 October CRASH all over again ... Monday, October 13th we'll see a 20% Downer! Not a joke! It's about to happen again. THOSE ON MARGIN SHOUD TAKE NOTE, BECAUSE YOU WILL GET MARGIN CALL TO PUT UP EVEN MORE MONEY THAT YOU DON'T HAVE TO BACK YOUR FAILING TRADES. GET OUT!!
NICE LUCKY NUMBER, 13. OCTOBER 13TH.
NYSE is not seeing bids for any tickers, that is a problem isn't it?
Just bought the 150 moving ave.for a pop into the close which we had better see if we aren't going to crash
This is just too easy!!!