Home
 
|  
Bios
 
|  
Links
 
|  
Contact
 
 
 Click here to view archives
  Posted on: Wednesday, May 13, 2009
Printer Friendly Format  Printer Friendly Format     Send to a Friend  Send to a Friend    RSS Feed  RSS Feed
Headwinds vs. Tailwinds II --The Headwinds Continue to Dominate
NIKKEI Rallies Within Secular Bear Market 

   
 
Recent Market Commentary:
12/2/16   PRESIDENT-ELECT TRUMP WANTS ECONOMIC GROWTH
11/2/16   The CB's have to Learn You Can't Go To "Cold Turkey" from "Wild Turkey"
10/6/16   MALAISE
9/1/16   Central Bankers Have Failed to Stimulate Thus Far
8/5/16   WHY THE WORLDWIDE BUSINESS CYCLE HAS SLOWED DOWN
7/7/16   The Central Bank Bubble Is Worse Than The Dot.Com & Housing Bubbles
6/2/16   Operating Versus GAAP Earnings
4/28/16   The Ending of QE
3/31/16   Corporate Buybacks Aren't What They Used To Be
3/3/16   "Stormy Seas" Both in the U.S. and Globally
2/5/16   More Fed Criticism
1/4/16   Difference between Past Fed Tightening and Now
12/3/15   This Stock Market Is Long In The Tooth
11/5/15   The Global Debt Controls the Global Economy
10/1/15   THE CENTRAL BANK BUBBLE II
9/3/15   Deflation Finally Broke the Market
8/6/15   DEFLATION!
7/2/15   The Fed Continues to Project Weak Growth
6/2/15   The Federal Reserve has Painted Itself into a Corner
5/5/15   The Debt, ZIRP, and Valuation

   Next >>
 
Search Archives:

 

 

We wrote this comment one year ago (May 15, 2008).  At that time the Dow was close to 13,000 and the S&P 500 was trading at 1425 and was breaking out through resistance.  Many economists were backing away from their recession forecasts due to stronger than expected economic releases during early May (called "Green Shoots" today).  After that comment was written the market rose to 1426 the next day before dropping sharply for the next 10 months.  You will see how many of the headwinds mentioned in that comment are still of hurricane force even today.  We expect the bear market rally that we are experiencing now will reverse and the secular bear market to resume soon.  We have attached a NDR chart showing the many counter trend rallies that Japan experienced during their secular bear market, and the similarity to our market.  We expect many counter trend rallies during the U.S. secular bear market as well.

 

The following link will take you to the report written one year ago, but still not out of date:

http://www.comstockfunds.com/default.aspx?act=newsletter.aspx&newsletterid=1372&menugroup=Home

 

Printer Friendly Format  Printer Friendly Format    Send to a Friend  Send to a Friend    RSS Feed  RSS Feed


Send to a friend
      Send us feedback    Add to Favorites  

© 2016 Comstock Partners, Inc.. All rights reserved.