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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Tom Pulley who wrote (83608)1/2/2003 12:58:59 AM
From: High-Tech East  Read Replies (2) | Respond to of 99985
 
Tom ... by next December 31, I see lower values on all the major U.S. equity indexes, a damaged treasury and corporate bond market (much higher interest rates), a U.S. dollar valued around $.70, much higher gold prices and significantly higher U.S. unemployment.

We should see a probable secular market bottom in September or October ... and a very slow start towards economic recovery in 2004 ... but not significant enough to prevent one or more moderate Republicans from making a successful challenge against George W Bush in early 2004.

Should war in Iraq somehow not happen, I will want to revisit the above ... but war in Iraq will almost surely be the external shock that will tip our economy back into a recession of serious consequence.

Ken Wilson

Note: I have been correctly bearish on equities since January of 2000, and I do hope to be bullish this time next year.



To: Tom Pulley who wrote (83608)1/2/2003 2:34:58 PM
From: Casaubon  Read Replies (1) | Respond to of 99985
 
maybe there is a logical reason the third year of the Presidents term is nearly always a positive year and it happens again

I read an interesting analysis about this phenomenon. The argument boils down to this: Presidents don't take any chances during this time frame trying to enact unpopular changes. Therefore, the do nothing gov't can't negatively impact the market.

PS great results in '02. Keep it coming!



To: Tom Pulley who wrote (83608)1/2/2003 10:01:52 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 99985
 
Tom; Who could refuse to venture a guess on this.
I'll out do the average pundit ( I think they
are calling for about 8% to 10% up)
I'll call the NDX up 18.5% from Jan 1st to Dec 31st.
The S&P 500 up 12.5 % the Dow up 14 %..
Tahts more bullish than most of my posts would have
me, so let me clear it up some.
While I think we have a good chance of ending up
that much, if I were what I call truly bullish
about it I would of course be buying hand over
fist instead of waiting for a another pull back.
---------
And while I see that much up as having a good chance, I don't rule out that we could be down, and down
a lot too.
---------
From September 24th until now I'm up over 70%,
if we make another 14 to 18% because of what
I'm holding I will expect to be up almost
100% from where I was Sept 24th.
I was buying hand over fist late Sept and early
Oct, but not a lot since..a few calls then a few puts
and some short term day trades both long and short
on the QQQ..is all I've done since Nov.
The stuff I picked up on the big dip I also
sold calls on, that if the market was to now
sink it could dive 50% and only cost me my paper
gains , my Sept 24th position would still be intact
even with a 50% to 60% drop..
---------
Now I'm also still holding some cash , as I want to
see what Bushy's new tax cuts will effect.
Shorter term I don't like the spike in Oil prices,
and for my outlook to come true..oil prices will
have to fall, which I think they will.
----------
So that's it up 18.5 NDX, S&P 12.5% Dow 14% but not
strong enough in my call to bet on it at this time.
And if I do any more yearly bets I'll hedge em with CCs,
other than that it's short term scalps for me.
Jim



To: Tom Pulley who wrote (83608)1/3/2003 10:10:44 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
Anybody out there want to make a market prediction for 2003??<<<

Well we have almost the inverse of the last time I made a new year prediction -g-, usually after a year that is so lopsided, like that of 2002 or that of 1999, you should expect a reversion to the mean, but i'm not sure we have the complete reverse of the elements that were there at the top.
Message 12493802

for 2003 i think the market will trade between the august highs and the october lows, unless it breaks out of those levels on huge volume, hows that for a wishy washy prediction =g=