Comments on: SPROTT: THE S&P WILL FALL BELOW ITS MARCH ’09 LOWS, U.S. ECONOMY IS A PONZI SCHEME

By: TC

TC — Mon, 11 Jan 2010 02:27:09 +0000

Have you ever heard this old Wall Street adage? "Prices can fall of their own weight, but it takes buying to put them up." Well, there is more to "buying" than meets the eye via mere changes in price. Here's my take: Why No Blowup is Needed for Market to Reverse Course

By: truthortalk

truthortalk — Wed, 06 Jan 2010 17:45:18 +0000

@JDEE

Sprott may have been bearish since March, but let’s put this in perspective – he made money in the good years before the crisis, and did not lose money during the crisis.

By: JDee

JDee — Tue, 05 Jan 2010 03:39:42 +0000

Oh yeah, and stop blaming the regulators for this whole mess! It takes 2 parties to borrow money! It’s called capitalism fueled by greed, and the stuff hits the fan several times every generation.

By: JDee

JDee — Tue, 05 Jan 2010 03:36:32 +0000

FYI Eric Sprott’s been bearish since March too.

By: Don

Don — Sun, 03 Jan 2010 03:15:47 +0000

Edna,
Now that is a mighty brave bet. Since the SP500 closed 12/31/09 at 1,115 and the Fed and their minions at GS, JPM, etc. have been artifically supporting the market for 9 months now with massive liquidity and ultra low interest rates.

Hmmmm, 1,115 to 1,200 is like a 7.6% rise from 09 year end. 1,115 to 900 is a 19.3% drop from 09 year end. Not to mention you want a tiny rise in historically the best time of the year for market increases. Most folks would take a bet with almost 3:1 odds in their favor based on the spread of the outcomes, let alone other ST factors seemingly in their favor.

Accordingly if you are willing to give decent odds on that bet, such as 4:1, we would be happy to take up the bet against you.

By: TPC

TPC — Sun, 03 Jan 2010 01:05:09 +0000

But the timing here is key. I don’t doubt that Sprott will be right, but where is the catalyst that will send the market reeling again? As far as I can see, there is little chance of a major market downturn while earnings are coming in better than expected and so much of the government stimulus has yet to be spent. Everyone thinks this is going to unravel overnight. It wont….2011 & 2012 could be very interesting though…

By: Bruer

Bruer — Sun, 03 Jan 2010 00:51:52 +0000

if 2nd link is broken try… http://sekrit.info/gvpxu

By: Bruer

Bruer — Sun, 03 Jan 2010 00:46:11 +0000

Edna and TPC,

May I offer a few reasons to temper optimism with caution:

1)
Study of the S&P500 chart comparisons, with private notes often omitted by market pundits: http://tinyurl.com/y8uw6nm

2)
This second report was pulled down from one of theMorgan’s private servers:
spx comparison_retrace Deluxe Edition price 1200US, for high net worth clients only.pdf http://tinyurl.com/yaq4vvj

By: P.K.

P.K. — Sat, 02 Jan 2010 23:59:17 +0000

I don’t doubt Sprott’s work one bit, but I also cannot believe there won’t be some warning signs of this unraveling, be it in the treasury market, FX, whatever. At some point the “smart money” will show its hand, and it will be up to us to read the signs correctly.

By: ike tossia

ike tossia — Sat, 02 Jan 2010 18:43:33 +0000

in a way sprott’s point is the truth down to its core, we’ve never experienced such distortion of perception, manipulation is at its best, just to get the masses to believe again to get…again. nothing really got fixed at a macro economical level, forget about down by the wall, the party’s in full swing, no regulatory or protective act what so ever, the lobbying and twisting congress’s arm, still to protect the scheme. saw some new rule some weird number 3156 I think, in the WSJ, can’t wait to see how that’s gonna work, LOL, you have to understand that wall street works for wall street not for anybody else. its just amazing to see how the practice of the art of war is almost working for them, for now, but for how long ?
think ponzi is being nice about the whole thing, its much worse and rotten for most to understand.
should concentrate on the fact that the market would probably have point swings of at list its current number for the next two years, yes we’ll hear the negatives by the bears to move markets down and for sure see them same bears clipping claws and sharpening horns to move markets up, this bull bear debate is about to escalate to unseen levels, this dead cat bounced too high too quick, it doesn’t make any sense, all the numbers coming out of any of them agencies are to “adjusted”, “seasoned” = fudged in my eyes, don’t even want to go by all those upgardes that are tearing shorts to bits , the “correction” is coming, profit from it.
I just hope its not going to be as severe as it should.