Wednesday, 12/4, Market WrapUp (It is a good time to buy! Really?)

Financial Sense Online ^ | 12/4/2002 | James J. Puplava

[Always Right]

It is only looney to think that 5000 will be the bottom. Of course by then, no one is really going to be paying attention.

ROTFLOL....I am still waiting for someone to put some serious money on that predtion. Short of a terrorist nuking the US, there is no way the DOW will go anywhere near that level.

[Always Right]

That one year chart showing gold outperforming the market is just too darn funny. Why doesn't the chart show how gold has performed vs. the market the past 25 years? It is just unbelieveable at how selective Puplava is on the stats he discusses.

[arete]

I am still waiting for someone to put some serious money on that predtion

I have serious money long PM's and short Wall Street's paper assets. I believe that there are a couple of other shorts that hang around here too.

Richard W.

[rohry]

"I am still waiting for someone to put some serious money on that predtion. Short of a terrorist nuking the US, there is no way the DOW will go anywhere near that level."

As I've already said to you, "We have all bet 'some serious money' on this market already."

We are not interested in your silly bets...

We all know that you are really smart, however...

Good luck to you...

[arete]

It is just unbelieveable at how selective Puplava is on the stats he discusses.

Just like the guys on Wall Street that show you long term charts in nominal terms. Add in inflation and see how the stock charts look.

Richard W.

[EVO X]

It was a stunner and goes against everything I'm seeing in the economy. Wonder what Gross knows and how he knows it.

Bill had some face time on NBR tonight He wasn't pushing Dow 5000, but had a rather blah outlook on investing.

[Always Right]

We are not interested in your silly bets...

Just too funny! How long have you been making these silly predictions and when are they gonna happen? I've been holding my breath for over a year on all these sub-5000 DOW predictions. I am turning awefully blue....

[arete]

He wasn't pushing Dow 5000, but had a rather blah outlook on investing.

I thought that Gross himself looked tired -- like he's lost his edge and doesn't care. Just going through the motions.

Richard W.

[jwh_Denver]

*Why doesn't the chart show how gold has performed vs. the market the past 25 years?

Why? Who cares? Every poster on this board, including you, knows the answer to that question. Who invests anything on hindsight? Investors put their money in what they think is going to go up not in a stock that looked great a year ago.

[EVO X]

I thought that Gross himself looked tired -- like he's lost his edge and doesn't care. Just going through the motions.

Maybe he got stuck in traffic or has recently been on a cruise ship.

[RushingWater]

SOX had fallen 16 percent in three days

What is a SOX index?

[rohry]

"How long have you been making these silly predictions and when are they gonna happen"

I did not make any predictions. What are you talking about?

[arete]

or has recently been on a cruise ship.

Yeah, he definitely had that "no more cruises" look about him.

Richard W.

[meyer]

Just last week, TIME had a puff piece on Carla and well she was doing.

A bit off topic for this thread, but I'm not really all that fond of Carla. She seems to be a copycat, trying to merge and downsize just like the boys. Not necessarily the wrong thing, but I doubt she's doing it for the purpose of strengthening and growing the business. Rather, she's doing it because she wants to play with the boys. (To be fair, I don't think that many of "the boys" do the downsize/merger thing for the right reasons either.) Her purpose is to draw attention to herself so she can proclaim, "see, I can downsize and merge with the best of them. Hear me roar!"

As for the market, I predict some up days and some down days. I'm neutral at this level. Note that my conclusion isn't based on a great deal of research.

[meyer]

..."$3000-$3500"...

I hope you don't mean total value, in dollars, US. That would seem a bit low, even to a bear. :^)

[gabby hayes]

Political considerations alone guarantee that the PPT will use its considerable power to enhance the market as well as prevent precipitous decline. And surely powerful journalistic incentives exist to crack open this story. But what happens to the market if and when even partial details of active PPT intervention are revealed?

[dalereed]

I think we're headed into a world wide depression that will be worse than the last one, the one I grew up in. It might take a number of years of drops and short small rallys but before it's all over the $3000-3500 area is where I see the market start to rebound and the country rebuild itself.

The fed could flood the market with paper and cause inflation like they did durring the Carter years but if they do, the crash will be just that much worse.

[meyer]

I think we're headed into a world wide depression that will be worse than the last one, the one I grew up in. It might take a number of years of drops and short small rallys but before it's all over the $3000-3500 area is where I see the market start to rebound and the country rebuild itself.

The fed could flood the market with paper and cause inflation like they did durring the Carter years but if they do, the crash will be just that much worse.

Ha! You threw me off with that dollar sign! :) I saw the $ and though of total market value, not the DOW figure. Imagine the total value of all stock held being $3500.

I still don't see the DOW getting that low, but then I didn't see it hitting 11,700 either. IMHO, of course.

[TigerLikesRooster]

Re #33

I have never been on cruise ship. What makes people get so tired after they have been on a cruise ? Being on cruise ship is worse than being on a economy class in a transpacific flight ?

By the way, don't go on a cruise for quite a while. That is a really good "soft target" for Al Qaeda types. A big lumbering undefended ship full of thousands of folks in the middle of an ocean.

[patriot5186]

maybe the fund managers are just padding their statistics for those glossy mailers for next year by injecting funds?
We'll see after December.