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Mr. Locker, your quote above, ("I, for one, plan to take advantage of the imminent crash and ferocious decline with the same zest of the bear in the photo. I will be "jumping" for joy when my puts and shorts make me wealthy while others are mired in the "stream" of losses and despondency.") shows that your are in serious need of professional help.
Toggle Commented Oct 24, 2009 on We May Have Just Topped at Planet Yelnick
And I can't for the life of me figure out why Prechter has so many groupies with his horrific market timing track record. "Newsletter tracker Mark Hulbert has been documenting Prechter's investment trading predictions and picks since 1985 so he now has a nearly 25 year long track record which can tell us whether you should trade on his predictions or not. Here's how Prechter's trading advice has done from 1/1/85 through 5/31/09 versus the broad U.S. stock market average (Wilshire 5000 index) according to Hulbert's analysis: Annualized Return: Wilshire 5000 Index + 9.7 percent Prechter's Trading Advice -15.4 percent Total Return: Wilshire 5000 Index + 857.1 percent Prechter's Trading Advice - 98.3 percent The underperformance of Prechter's newsletter is nothing short of astonishing and stunning! On an annualized basis, Prechter has underperformed the broad U.S. stock market Wilshire 5000 index by a whopping 25 percent per year! Here's what Hulbert's analysis shows would have happened to $100,000 invested according to Prechter's investing trading advice versus the Wilshire 5000 U.S. stock market index: $100,000 Invested (1/1/85-5/31/09): Wilshire 5000 Index $957,100 Prechter's Trading Advice $1,700 "
Toggle Commented Oct 23, 2009 on We May Have Just Topped at Planet Yelnick
From a contrarian sentiment standpoint I can confidently say this market is not going to top when so many permabear bloggers like you are so cocky after one measly down day. I predict lots more egg on the face of the Prechter groupies as this market melts higher.
Toggle Commented Oct 23, 2009 on We May Have Just Topped at Planet Yelnick