John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (13155)	4/18/2012 4:56:40 AM
From: John Pitera	4 Recommendations Read Replies (1) of 33421

The Bell is RINGING....... It's actually true that they ring a very loud bell at tops for those with the right ears to quote Hunter S Thompson...... he probably never made a dollar in the markets but he was a stellar example of an arbiter of popular culture.... which is in theory what may make the market move....... as Art Cashin has commented.....the market has been going up in a number of weeks with a fair bit of negative news....... We have Sarkozy set to lose his Pm possition to a left wing politican who is talking about increasing spending and has no spending cuts. We have the ending of the Tax cuts in the US and uncertainty. We have Spain and Italy using up most of the emergency funds available for Eurozone. Doug Kass had an excellent article on 3 tops and a dome back on Friday the 13th that was George Lindsay's research and he provided examples back to 1916 on the SPX. I'm still trying to understand all of the ramifications of the settlement on foreclosures that has an impact on many homes that are very behind in payments... Some suggest it will shorten the process of eviction for a subset of in arrears mortgage payers. There are a few more parts of the story... but these laptops are not to be trusted.... hit the wrong key and your text is gone. I need to put my responses in word and then save them along the way. I can not let this go with out mentioning the public IPO's of all kinds of "selling at the IPO"S" including the activity in Facebook, them buying Intsgram, the company starting with Z that is the farm vendor on Facebook, and several other IPO's that they are floating when the tide is in. This talk about APPL having a billion dollar market cap is a replay of AMZN at $1000. and AMZN did make but it was top type talk. Goldman is selling their Chinese bank investment and.....their is more...... not all put into a 15 minute window I'll post Art Cashin's not on the 17.6 year cycle....... which as those of you have been around the track a number of times and remember Mr. Armstrong. it's basically twice his 8.6 year interval for asset classes. Mr. Armstrong was the one who ran Princeton Economics.........and ended up in Jail in Japan. John

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