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From:
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Website@xxxxxxxxxxx
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Subject:
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NEOWAVE:
"Dark Clouds on the Horizon"
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Date:
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Thu,
3 Apr 2008 08:32:06 -0700
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In mid January I announced "THE BULL MARKET IS OVER." Since then, the
S&P has consolidated in a wild range for more than 2 months. The amazing
part is that an increasing number of professionals on TV are talking about the
"bargains" to be had. Many also seem to believe January's low (now
that it has been "tested) is the bottom of the bear market.
According to NEoWave, this bear market has only just begun! There is so much
downside to go that it actually scares me to look at monthly wave charts.
Without question, this is the most bearish I have been on the U.S. stock market
and economy in my 25 year career. NEoWave structural conditions are so bad that
a U.S., or even global, financial collapse is likely within the next 6-18
months.
The last time I was bearish on the U.S. stock market was 8 years ago at the
highs of the year 2000. NO ONE believed me at that time, but this time around
more are willing to listen. Why? In 2000, at the very start of the bear market,
optimism is always high and fundamentals are rosy. Now, 2/3's of the way
through this 13 year bear market, psychology has shifted significantly, so the
bearish case seems more believable. But, what most people don't realize is how
much worse fundamentals (and psychology) will get. Most believe THIS is the bad
period. In the not too distant future, we will look back at this "credit
crisis" as the good ole days!
Based on how markets and psychology work, the optimism the U.S. public had at
the highs in 2000 will be met with an equal level of pessimism near the future
low of 2010 to 2012. We've seen how quickly Bear Stearns, a major U.S.
corporation, can go from "healthy" to bankrupt. A similar situation
is about to occur for the entire U.S. financial system.
Long-term subscribers know that, unlike many of my competitors, I've been
mostly bullish and optimistic on the U.S. stock market and economy for most of
the last 25 years. Only at the high in 1987, the high in 2000 and the high in
2007-2008 did I have any intermediate-term bearish view. But, this time around
I'm more concerned than I have ever been about the U.S. economy and stock
market.
There has never been a more serious time to prepare for unexpected financial
events. As always, TIMING is the most crucial aspect of this process. To
improve your timing and protect your capital, NOW is the time to act. Go to
http://www.neowave.com/product.asp and select the S&P Trading and
Forecasting service that is most appropriate for you.
Good luck,
Glenn Neely
NEoWave, Inc.
You
rock. That's why Blockbuster's offering you one
month of Blockbuster Total Access, No Cost.
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