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:
12/3/14   The Central Bank Bubble
11/4/14   Did the Fed Save us from a "Liquidity Trap"?
10/1/14   A Global Deflation
9/4/14   Different Positions about the Federal Reserve's Policies
7/31/14   This is What Happens When the Fed Tightens!
7/10/14   Why Cyclically-Smoothed Earnings Make Sense
7/3/14   Happy July 4th Weekend
6/26/14   The Fed's New GDP Forecast Is Already Badly Out of Date
6/19/14   What Happens When the Fed Unwinds Their Balance Sheet?
6/11/14   The Reason for Interest Rate Declines
6/5/14   This Week's Comment will be a Special Report. (click on Inflation vs Deflation on right side of home page)
5/29/14   How The "New Normal" Distorts Economic Growth Perceptions
5/22/14   Have a Great Memorial Day Weekend
5/15/14   How Bear Markets Begin
5/8/14   The Consumer Is Still Missing In Action
5/1/14   Beware Of Misleading Monthly Economic Data
4/24/14   Key Market Movers Turning Negative
4/17/14   Happy Easter
4/10/14   The Collapse Of Momentum Stocks Is An Ominous Change
4/3/14   The Stock Market's Shaky Foundation

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The following link will take you to the report written one year ago, but still not out of date: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

© 2014 Comstock Partners, Inc.. All rights reserved.