Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Financial newsletters
Old 06-03-2009, 10:52 AM   #1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,093
Financial newsletters

I always enjoy reading some of the predictions and advice found in financial newsletters. I don't subscribe to any of them, preferring to get (and usually ignore) an occasional summary from the Hulbert Financial Digest information column at Marketwatch.com.

This one appears especially interesting. It is excerpted from Arch Crawford's "Crawford Perspectives", which Hulbert says was not only last year's top performer, but..
Quote:
Over the past three years, the letter has achieved a 6.22% annualized gain, compared to negative 8.18% annualized for the total return Wilshire 5000.
From the June 1 newsletter:
Quote:
We thus consider that the market remains in strong hands, and more upside is in store before a potential late summer reversal is activated. Despite some considerable momentum loss, we expect two or more further spikes in later weeks before bad news, or fearful sellers overwhelm the positive momentum.
In addition:
Quote:
Even if the major indices were to form only a slightly extended 'flat' trading range, there could be some very interesting pops in individual issues. What happens is that those groups who tend to promote certain stocks or stock groups will then notice that the Market is beginning to Roll Over, and hurry to 'BULL' their own favorites before things begin to fall apart more obviously. Although this is usually taken by the public as "new strength,' it is actually a 'last ditch' effort of traders to get their profits out before a more serious weakness sets in! This is generally the process that causes tops to form slow, rolling patterns of distribution as opposed to 'panic' or 'V' bottoms
Sounds logical to me.

He's also bearish on the future of the dollar. His reasons?
Quote:
Several of our creditor nations have already breathed fire on us, even very recently. They are justified in their concern for the viability of their investments. Our Congress, our Treasury and the Fed have been profligate, careless and corrupt in allowing known dangers to threaten our fiscal health and safety, including presidential aspirations
Familiar stuff. Then he adds this to his reasoning for his dim view of the dollar:
Quote:
Many astrologers believe that when Pluto transits in opposition to the United States birth Venus position at 3 degrees of Cancer, which began this past March and continues crisscrossing it for the next 3-4 years, that the dollar will fall into disrepute and suffer a hyperinflation worthy of a Third World country.
And for you DMT types, he throws in a warning that June 7 is a full moon so we should look for a down week in the market.

This from the guy who was the best market prognosticator of 2008. Where do I subscribe?
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-03-2009, 04:42 PM   #2
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
My boss read me this piece and we howled over it. Very funny stuff.

Today the best news story was that Jim Rogers said that young investment bankers should become farmers instead. Farming is the future. Stockbrokers driving tractors, farmers driving luxury cars.
__________________

__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 06-03-2009, 04:47 PM   #3
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
Quote:
Originally Posted by Sarah in SC View Post
Today the best news story was that Jim Rogers said that young investment bankers should become farmers instead. Farming is the future. Stockbrokers driving tractors, farmers driving luxury cars.
Not surprised. Rogers has been ga-ga over commodities for quite a while now.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 06-03-2009, 04:50 PM   #4
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
I do love his book, Adventure Capitalist, but his financial opinion gets universally scoffed-at around here.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 06-04-2009, 05:05 PM   #5
Dryer sheet wannabe
 
Join Date: May 2009
Posts: 24
Research has been done on relationships between solar flares and human behavior (as well as market performance). Not sure about planets and moons though.
__________________
bsmup is offline   Reply With Quote
Old 06-05-2009, 07:51 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
 
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,017
Quote:
Originally Posted by bsmup View Post
Research has been done on relationships between solar flares and human behavior (as well as market performance). Not sure about planets and moons though.
What an opening...the dress rocks...
.


Or, for the traditionalists...that's a look-alike of me when I was a teenager in the front row, black T shirt.
.
__________________

__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Any Top Bond Fund Firms or Newsletters? Dennis FIRE and Money 0 05-18-2009 07:38 AM
Street Authority newsletters. clifp FIRE and Money 2 04-04-2008 05:37 PM
You be the Financial Advisor Running_Man FIRE and Money 27 10-17-2007 03:59 PM
Financial Myth (i stole this from another financial forum). please, don't sue me. Enuff2Eat FIRE and Money 20 08-19-2007 04:26 PM
Financial help gm Hi, I am... 4 08-11-2004 05:19 PM

 

 
All times are GMT -6. The time now is 08:49 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.