Carnac's Corner

[The_Technician]

Yeah, that's a result of corps dropping US labor and going overseas for cheaper production....broke the labor unions pretty good....only thing is, it really hasn't benefited the consumer much here in the US, just the corporate profits which is troublesome. I suppose some equilibrium will be reached, but how far down does the American citizen have to go in income/lifestyle before things get dicey. I have already seen prices at the store make substantial increases over the last couple of years. The term tapped out is becoming a more recent term amongst fellow Americans, homes foreclosed (who'd not guessed that one), values of auto's dropping (they were overpriced in the beginning anyway)...and so forth....

I would guess with the way things are now, we should see some changes or a depression will be on our next plate. I'm not the only one seeing this of late....its shaping up to be pretty bad economically.....moving overseas production was destabilizing to the world economy and will be hard hit here locally.

Carnac

Crystal Balls are seeing lower trading volume over the last several days...is this a precursor to a market drop at the end of the quarter???

I mentioned several days ago, expect something to drop in the first two weeks of next month..... do I see lower 1200 on S&P if not lower....we will find out....

Carnac

 

[The_Technician]

Crystal Balls are seeing lower trading volume over the last several days...is this a precursor to a market drop at the end of the quarter???

I mentioned several days ago, expect something to drop in the first two weeks of next month..... do I see lower 1200 on S&P if not lower....we will find out....

Carnac

The Crystal Balls indicate that we are at such an elevated level in some aspects other than overall market value that its a matter of when its going to burst.....look around for any leaks at this time because when it starts to leak, the dam looks like it could be coming down hard due to the high pressure.


Carnac

 

[The_Technician]

The Crystal Balls indicate that we are at such an elevated level in some aspects other than overall market value that its a matter of when its going to burst.....look around for any leaks at this time because when it starts to leak, the dam looks like it could be coming down hard due to the high pressure.


Carnac

Board interest in the F fund could be substantiated of late....Crystal Balls expect the F fund to be on or around 12.48 before too long.....

Keep yer eyes open....

Carnac

 

[The_Technician]

Well I can't believe my eyes...market stayed put through April....May could be another story...looking towards summer and it seems a difficult road ahead.

I find it amusing, rather manipulating that some people refuse to accept recession is the current mode....

Big oil seems to want you, your home, your wife....and so forth. They may get it with their constructed monopoly in the US. Funny, weren't monopolys run out to protect the average guy.....seems we have found ways to retract and relearn ...... and redo the past again. Just because the world population is finding other means to get energy without them isn't justification to wreck the world economy. Regulation is the key, monopolies are not.

It is definite that your interest is not of interest of powers that be.

REvote snd vote the incumbents out...and change law....that is the way you get change......not sitting by. Your interests and welfare is not of concern to who you vote in. Either take care of yourself or let yourself be taken to the cleaners......

So take care and watch out this month. Last month has been surprising.

Carnac

 

[Birchtree]

How much longer will I have to patiently wait for the inherent recession. I keep hearing noise but continue to see no proof.

 

[weatherweenie]

How much longer will I have to patiently wait for the inherent recession. I keep hearing noise but continue to see no proof.

You're obviously not looking in the right places!

Try selling a house. I've had my house on the market for 6 weeks and have had a whopping ONE showing!

 

[Birchtree]

Weatherweenie.

Your house will sell but only at the right price. If you are not leveraged with an equity line you will do fine. People will remain afraid of real estate like they were stocks the last couple of years. There is a snow bunny family out there somewhere looking for a comfortable abode and they will find you. It's all in the odds and of course location.

 

[weatherweenie]

Fortunately I'm not in a position where I have to sell, unlike thousands or millions around the nation.

Weatherweenie.

Your house will sell but only at the right price. If you are not leveraged with an equity line you will do fine. People will remain afraid of real estate like they were stocks the last couple of years. There is a snow bunny family out there somewhere looking for a comfortable abode and they will find you. It's all in the odds and of course location.

 

[The_Technician]

Fortunately I'm not in a position where I have to sell, unlike thousands or millions around the nation.

Personally, I've been on the ball with BGG and ABT of the last week or two....good steady returns for the week I'd say. But, at the moment, things aren't looking so hot....so I won't be looking for any individual stocks over the near future....

Carnac

 

[The_Technician]

Personally, I've been on the ball with BGG and ABT of the last week or two....good steady returns for the week I'd say. But, at the moment, things aren't looking so hot....so I won't be looking for any individual stocks over the near future....

Carnac

Then again you can always run with a Deere....that's DE ....its looking pretty good if the market don't tank.....could be a good play.

Carnac

 

[The_Technician]

Then again you can always run with a Deere....that's DE ....its looking pretty good if the market don't tank.....could be a good play.

Carnac

Don't know if the deer is gonna run....could be bad timing because the animal (and market) is looking down the tubes of a 12 guage.....things are elevated and looking for a correction.....

Keep yer eyes open.

BTW, it is my opinion based on known growth patterns of horses that the horses run in the races start at too young of age.....you're not even suppose to ride a horse until they reach 2 years of age, much less stress their bones out. It's like taken an 8 year old kid and letting him start playing pro football......

Bad formula for the horse, but great returns for "whocares" race horse owners... its as long as they make a big buck that counts....what despicable low levels we humans attain just to make a buck....despicable.

I'm sure Eight Belles gave it her all though, like a good horse would...much more than I can say for her owners and the like....says something about the kind of people that run in that business...

Rest in peace Eight Belles, rest in peace.


Carnac

 

[The_Technician]

Well, its not like it was late advise.... but we're below 1400 now....but I'm sure most of everyone already had it figured out.....

I think I would wait until news starts sounding alot more positive before getting enthusiastic about the market.

1360 then to 1290 next.

Carnac

Hello all,

I haven't posted in a while....what for,....markets are 10% down in June, what else could be said but the above prediction was in Jan 2008 and similar in 2007....watch out in the future for those 1100's.

Nice to see previous posts come true, but right now its a bad situation....the recovery on this downhill train is 1.5 years in the future. I figger around Dec of 2010 we should bottom out.

Till then the Crystal Balls are showing a little upswing coming up for a while, you could get some good 2-3 day rides up, but then after that, watch the drop after Oct......

Have a great summer!

Looks like all the Bulls are penned up for a while Trigger, so lets go cross country riding for a while....

Carnac

 

[The_Technician]

Looks like that 1190 level that I projected last year is getting closer and closer as the days go by.....now what is the bottom.....is it below 1160???

Its all a matter of time.

Crystal Balls - is great to have one but two is even better.


Carnac

 

[The_Technician]

Hello all,


Till then the Crystal Balls are showing a little upswing coming up for a while, you could get some good 2-3 day rides up, but then after that, watch the drop after Oct......


Carnac

Market echos are resounding....I'm looking for oil to rise again thru Labor day here soon.....so don't be surprised.....

Carnac

 

[Guest2]

TT, it would appear anyone stuck in the (G) at this point might have missed the ride. With August right around the corner, I would think one
should be patient before jumping right in at that point. What'cha think ?

 

[The_Technician]

TT, it would appear anyone stuck in the (G) at this point might have missed the ride. With August right around the corner, I would think one
should be patient before jumping right in at that point. What'cha think ?

Yeap, I would agree on that. I figger its a short term up here, a downer....then with a bit of a rebound coming again later on...then lets see till eoy for how much of a fall. I still expect to see mid to low 1100's on the S&P coming our way.....

Carnac

 

[Guest2]

Thanks

 

[catinhat95]

May we all prosper! Here Here!

 

[The_Technician]

May we all prosper! Here Here!

Crystal Balls look'n for the market to take a hit for the next couple of weeks....keep lookn out.

Carnac.

 

[The_Technician]

Crystal Balls look'n for the market to take a hit for the next couple of weeks....keep lookn out.

Carnac.

Whooooo, lets take a moment to reflect the situation....markets are down 20-30 percent since last Oct 2007!!! Looking for more blood to be spilt.

Crystal balls are expect more downside......its nothing new of late.

Any of ya'll catching the upswings.....??? Its been a bit tricky.

Carnac