Posted on February 11, 2010 by MoneyBob
Last summer, our guest Gary Shilling of A. Gary Shilling & Co. predicted that stocks would fall 30%. That hasn’t happened yet, but the extraordinary bull run that made idiots out of many of Wall Street’s greatest gurus last year has now finally reversed, and Gary is sticking by his bearish guns.
At Dow 10,000, Gary [...]
Filed under: Credit Crunch, Deflation, Depression, Dooms Day, Economy, Gary Shilling, Investing, Stock Market, Treasury Bonds, economics | Tagged: Deflation, Depression, Gary Shilling, stocks | Leave a Comment »
Posted on November 25, 2009 by MoneyBob
The economic recovery isn’t as strong as first thought. Revised GDP figures released this morning show the economy grew at a 2.8% annualized pace in the third quarter, less than the 3.5% initially reported. The revision was in-line with expectations but shows the economy didn’t have as much momentum heading into the fourth [...]
Filed under: Deflation, Economy, Gold, Interest Rates, Investing, Oil, economics | Tagged: Barry Ritholtz, Big Picture, Dollar, Fusion IQ, low rates, rates, Speculation, stocks | Leave a Comment »
Posted on August 17, 2009 by MoneyBob
Yes, the late 2007-early 2009 market debacle was just a warm-up to what Prechter believes will be the bear market’s main attraction. In this regard, he says the current cycle will echo past post-bubble periods such as America in the 1930s and England in the 1720s, after the bursting of the South Sea bubble.The 2000 [...]
Filed under: Credit Crunch, Deflation, Depression, Dooms Day, Economy, Inflation, Interest Rates, Middle Class, MoneyBob Postings, Real Estate, Saving, economics | Tagged: Economy, Elliott Wave, finance, Robert Prechter, stocks | Leave a Comment »
Posted on August 17, 2009 by MoneyBob
Forget all the talk about the dollar being in terminal decline. The recent rally in the greenback is for real, says Robert Prechter, president of Elliott Wave International. The man who correctly predicted the 1987 crash and last year’s peak in oil prices now says we’re “going to be up for a year or two [...]
Filed under: Dooms Day, Economy, Interest Rates, Investing, Market History, MoneyBob Postings, Personal, Retirement, Risk in Portfolio, Saving, Stagflation, Stock Market, The Fed, Thoughts, Treasury Bonds, US Dollar, Yahoo Finance, economics | Tagged: Economy, Elliott Wave, finance, Robert Prechter, stocks | Leave a Comment »
Posted on August 17, 2009 by MoneyBob
Elliott Wave International founder, Bob Prechter thinks Krugman and Bernanke are premature in declaring victory over the credit crunch. Prechter, who famously predicted the 1987 stock market crash, tells Tech Ticker “the march towards depression, which is being fueled by deflationary trend, is pretty well intact.”So forget all you’ve heard about recovery and inflation, [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Credit Freeze, Dooms Day, Economy, Inflation, Inflation Protected, Interest Rates, Investing, Market History, MoneyBob Postings, economics | Tagged: Deflation, Depression, Dollar, Economy, Elliott Wave, finance, Inflation, Robert Prechter, stocks | Leave a Comment »
Posted on May 7, 2009 by MoneyBob
A large rally here is far more likely to prove a last hurrah … a codicil on the great bullishness we have had since the early 90s or, even in some respects, since the early 80s. The rally, if it occurs, will set us up for a long, drawn-out disappointment not only in the economy, [...]
Filed under: Credit Crunch, Deflation, Depression, Dooms Day, Economy, Jeremy Grantham, Stock Market, Thoughts, economics | Tagged: economics, Economy, Jeremy Grantham, Stock Market, stocks | 1 Comment »
Posted on October 22, 2008 by MoneyBob
Posted Oct 22, 2008 12:47pm EDT by Aaron Task in Investing, Recession
As the market struggles to find its footing, debate is raging over whether the kind of panic typically associated with market bottoms has occurred in recent weeks.
It’s too soon to judge whether a sustainable bottom has occurred, “but there is a bit of capitulation [...]
Filed under: Charles Schwab, Economy, Investing, Liz Ann Sonders, Market History, economics, mutual funds | Tagged: Charles Schwab, Investing, Liz Ann Sonders, mutual funds, Stock Market, stocks | Leave a Comment »
Posted on September 29, 2008 by MoneyBob
Record Drops in Dow and S&P
Monday 09/29/08
Dow 10,365.45 -777.68 (-6.98%)
S&P 1,106.42 -106.85 (-8.81%)
All the major indexes were down more than 6% for the first time since 1998.
Prior to today, the biggest point drops for the Dow and S&P was after the 9/11 attacks in 2001.
The VIX (a volatility index closed at 46.72 Up 11.98 [...]
Filed under: Credit Crunch, Credit Freeze, Dooms Day, Economy, Market History, Money Market, MoneyBob Postings, Risk in Portfolio, Saving, Thoughts, economics | Tagged: business, economics, Economy, Market History, Money, money education, MoneyBob, Stock Chart, Stock Market, stocks, Work | Leave a Comment »
Posted on March 6, 2008 by MoneyBob
By Michael Patterson
March 6 (Bloomberg) — U.S. stocks fell to an 18-month low, led by banks, after home foreclosures climbed to a record and loan defaults by Thornburg Mortgage Inc. and a Carlyle Group bond fund spurred concern that credit losses are deepening.
Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co. led [...]
Filed under: Economy, Investing, Market History | Tagged: economics, Economy, finance, Information, Investing, stocks, Thoughts, Work | 2 Comments »
