Posted on 07/26/2010 2:03:30 AM PDT by The Magical Mischief Tour
NEW YORK (MarketWatch) -- Is "all hell" about to break loose? One veteran letter thinks so -- and it predicted the Crash of 2008.
Unlike almost everyone else, Arch Crawford's Crawford Perspectives had a fabulous 2008. ( See Jan. 9, 2009, column.) And when I last checked in with it in early 2010, Crawford was predicting a mid-summer massacre ( See Jan. 14 column.)
Well?
Now, in its monthly issue published in early July, Crawford predicts "ALL HELL BREAKS LOOSE" -- beginning, as a matter of fact, on Monday July 26, 2010.
Crawford means it. The letter has been 200% short since June 7, with stops at 11,466 on the Dow Jones Industrial Average (DJIA 10,425, +102.32, +0.99%) and 11.84.56 on the S&P 500 (SPX 1,103, +8.99, +0.82%) .
(Excerpt) Read more at marketwatch.com ...
Yep, its come to this... Economist turn to Astrology, we’re so screwed...
Look on the bright side. The economists will now be wrong only 11/12 of the time.
Well, we don’t have to wait long to find out.
The deadline is today.
I will not be hiding in a bunker though.
Today is the 9th of Av. Google it...
Thanks for the encouragement during these difficult times.
Sometimes, the truth hurts...
Astrology is a better indicator than lying government reports that seem to control stock prices now.
lol
I did Google it and the things I read say two different dates - 7-19-2010 and 7-29-2010. Should I fast just in case? I am not Jewish but why risk it?
:-)
There is no "truth" per se for future outcomes. I agree there is much evidence to support your conclusion but it is not yet a done deal. If you want to assure a negative outcome and make it a self-fulfilling prophecy keep saying and thinking we are screwed.
I prefer the good old American spirit of never giving up, especially when fighting for the future of our country. Think of all those who died when things looked even bleaker. Without them we would have been screwed but because of them we were saved. Which kind are you?
Pretty interesting track record — astrology or no.
“Crawford did underperform the market in 2009. ( See Dec. 24, 2009, column.) But even so, over the past three years the letter is up 9.42% annualized versus negative 9.36% annualized for the total return Wilshire 5000. “
And July 26 is only the beginning:
“These energies actually maximize from July 30 through August 3. There have been ‘shadows’ preceding and will be echoes afterwards for quite some time.
We expect the depth and scope of dislocations during this period to exceed anything we have ever witnessed, both in otherwise civilized interaction among nations, and likely our fill in natural disasters.”
Since the letter comes out the first Mon of the month, subscribers had more notice...
Where does it say the guy’s an economist? The article states that Crawford’s letter is “astrology.” So your parenthetical addition to the title should state “Astrologist uses astrology”.
It says it’s technical analysis AND astrology:
http://www.crawfordperspectives.com/
“Crawford Perspectives is a financial markets advisory service utilizing technical analysis and planetary cycles research to determine effective market-timing strategy. Since 1977, its founder, Arch Crawford, has edited Crawford Perspectives, a comprehensive market- timing monthly newsletter for subscribers that has earned praise from investors around the world. “
We won’t have long to wait. It’s been July 26 in much of the world for several hours already.
You’ve got to admire his having the courage of his convictions, whether you agree with them or not. He’ll be spectacularly wrong or spectacularly right, with no middle ground.
Most astrologers, seers, would-be prophets and futurists hide in vague language. Not here.
Uhoh, Mercury in retrograde?
That’s always bad.
Crawford, who predicted war in September 2001, said that an economic crash was practically guaranteed to occur this year.
Yep, its come to this... Economist turn to Astrology, we’re so screwed...>>>>>>>>
There have been Wall Street astrologers for decades. Nothing new here. I have no idea what their track record is
Mundane (think “mundo,” world, rather than ordinary) astrology is quite a different thing from what is published in the newspaper every day.
It’s how the Magi knew to look for the lion of Judah, king of the Jews, born of a virgin, in the opinion of many.
Well cross my palm with silver! You're right! He's a fortune teller. That's like a pickpocket who gets you to pick your own while he stares at the stars.
There certainly must be something to Crawford’s methods — on his website, it says he was ranked #1 by Hulbert Digest for Oct 1, 2007 to Oct 31, 2009 — and Hulbert tracks hundreds of newsletters.
The thing about stocks picked by monkeys beating the average mutual fund is true. Even when you invest in the (seemingly) best companies, sh!t happens. BP is a textbook example of that.
He says it starts on July 26, real bad possibilities between July 30 and Aug3, but bad things still imminent for the next two years — Obama must really planning to screw things up for us... NKorea nuke, Iran nuke?
“We continue to recommend extreme caution and proper emergency measures such as extra food, water, medicines and cash over the next 24 months in particular. Do NOT wait any longer!!”
It is harder to find someone that predicts otherwise isn't it?
Not really. Investment advisors stake out positions all over the map—and they’re usually wrong. In Nov 2007, how many predicted the DOW would drop to ~6500? In March 2009, how many predicted the DOW would rebound to over 10000 within 8 months?
As for myself, I mostly stick to low PE stocks that pay high dividends. Its not always surefire, but its done okay for me over the years. If nothing else, even when the stocks are down, I still get a good income stream.
Magic works??? Say, I've got a needle and can probably find a scissors and maybe a lighter. Now where is that stupid doll with the big ears...
I’d also like to know what the members of the Senate are doing with their money.
>> My impeccably scientific attitude: We should just look at its results. <<
Looking at results without understanding them is the antithesis of science.
Long , long ago, a people could not perform their rituals because of persistent blizzards all winter long. The chalaitan chief priests told them the River God would be angry. The snow melted, and the river backed up, and the people’s lands were flooded, and Peter Brimelow’s ancestors slaughtered their children to appease the angry river god, because of their “impeccably scientific attitude.”
I’m not Jewish either which if I were maybe I wouldn’t have gotten confused and been one week off of the actual date of the 9th of Av this year :)
Nine out 10 astrologers have been right about something somewhere 10% of the time.
Hah! I think you’re right. No doubt even the 8-ball is more accurate than government reports!
Anybody see this actual “beginning July 26, 2010” date in either of the two articles? I’ve looked through them twice.
The results of my search made me wonder if anyone was certain. :-)
I know I got confused to...but then as a Senior Citizen I get a get out of jail card free on confusion :)
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