CRASH

The following article includes analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions.

So, a better question, concern, or observation during a rally (Yes, Virginia, seven consecutive months to the upside is a rally.), given the extraordinary performance scenario that these investors acknowledge, would be: What can I do to take advantage of the market cycle even more effectively--- the next time?

2008 was a year when "fundamentals" affecting stocks extended far beyond the business of listed companies. These have not changed one bit and indeed threaten a terrible bout of selling straight ahead. How so many investors could believe the bullish status quo of years gone by is set to continue only defies a reality that's as plain as the nose on your face.

Guns and amo sales are on the rise. Meanwhile, the fact that fees paid by gun owners have long supported natural parks is gaining recognition. Brand expert John Tantillo suggests that this may be an ideal opportunity for the gun industry to brand itself as "green."

Crash! The 2007 thru 2008 financial crisis halved 401(k), IRA, and Mutual Fund values in a matter of months. For many, retirement dates had to be pushed back; for others, new jobs had to be found. The tragic flaw? No income allocation in the investment program. Market value builds egos; income pays the bills.

It is virtually impossible to overstate the dire consequences resulting from the severity of the declines recently experienced in almost all asset classes-from both a technical and fundamental viewpoint. From a fundamental perspective US consumers had come to rely on borrowing against growing asset prices to sustain their lifestyles.

What does it take to drive grandmothers into the streets in protest to be whipped and trampled by mounted police? If you know anyone from Argentina you'll get an answer. It is said that history has a way of repeating itself. People in the United States will do well to understand Argentina's banking failure in December 2001.

I've spoken on and off about the possibility of a stock market crash, but it's quite different to live through one. I've also learned a lesson about how humbling and sneaky the market can be, because this was not the crash I expected, a big one day event. It was a crash that happened over a series of days. And I shouldn't even be using the past tense. The crash is still taking place.

Have we a 1929 Crash scenario? What are the similarities and differences to 1987?

The Uptick Rule is wrecking havoc and killing the banks.

http://beanieville.blogspot.com/2008/07/trojan-horse-inside-bulls-lair.h...

Crocs remained down all day Tuesday after Crocs announced guidance cuts that one analyst termed "stunning," amid lower-than-expected demand, and Najarian warned investors to resist the temptation to bottom fish. Macke doesn’t have confidence in the company after the numbers it reported on Monday, and Finerman says management is clueless.

This was a great article and a great read, so I am not going to mess with the writing. Here is a brief segment of the article.

"We’re already roughly back to 2006. We could easily see this get back to 2002 levels before the dust settles. The possibility of the Dow at 8,000 is certainly not out of the question." — Adam Lass

If you got the time, the curiosity and the inclination to learn, Elliott Waves may be for you. --Beanieville

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