Hey readers I am away but just want to update for a bite on some developments.
Firstly I will be having first technical class starting Sunday January 11. Classes will be based on individuals skill levels and we will look at stuff from how to trade, what to trade and where the market will be going in my opinion. Classes will last for 1 hour for each person and depending on the schedule we will see how many I will do in the first 2 weeks. Classes will cost $89 but I am offering a guaranteed stock pick at the end of each class which if you play will net you over $89, so basically the class will pay for itself.
Secondly I am extending my short list for 2009 till after the Inauguration of the new President and the class will be around $125 for 5 picks and $250 for 10 picks.
Third, I will be providing limited live coaching for those who want to take their trading to the next level but pricing will vary on your skill level and how many days I might need to prepare correctly. This is only for people who have time intraday to trade and want to make a living out of trading. I guarantee I will teach you tricks no one else will and show you what the big guys dont want you to know.
Last, I think 2009 will provide numerous opportunities and I have some that I will be playing in my fund. These strategies wont be on the blog so email me for info but these calls will be like 2008 calls on the financials, Fannie mae, Wachovia and the list goes on. I plan on making 2009 a huge year because I believe once again people will get sucked in and KILL this year again. I believe the bear market will last till 2010 but it wont be a straight ride down so you MUST trade it out.
MARKETJEDI-- Please email me to clarify anything above.
markjedi@gmail.com
Monday, December 29, 2008
Saturday, December 27, 2008
Worst Predictions of 2008
Here are some of the worst predictions that were made about 2008. Savor them—a crop like this doesn't come along every year.
1. "A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!" —Richard Band, editor, Profitable Investing Letter, Mar. 27, 2008
At the time of the prediction, the Dow Jones industrial average was at 12,300. By late December it was at 8,500.
2. AIG (AIG) "could have huge gains in the second quarter." —Bijan Moazami, analyst, Friedman, Billings, Ramsey, May 9, 2008
AIG wound up losing $5 billion in that quarter and $25 billion in the next. It was taken over in September by the U.S. government, which will spend or lend $150 billion to keep it afloat.
3. "I think this is a case where Freddie Mac (FRE) and Fannie Mae (FNM) are fundamentally sound. They're not in danger of going under…I think they are in good shape going forward." —Barney Frank (D-Mass.), House Financial Services Committee chairman, July 14, 2008
Two months later, the government forced the mortgage giants into conservatorships and pledged to invest up to $100 billion in each.
4. "The market is in the process of correcting itself." —President George W. Bush, in a Mar. 14, 2008 speech
For the rest of the year, the market kept correcting…and correcting…and correcting.
5. "No! No! No! Bear Stearns is not in trouble." —Jim Cramer, CNBC commentator, Mar. 11, 2008. Five days later, JPMorgan Chase (JPM) took over Bear Stearns with government help, nearly wiping out shareholders.
6. "Existing-Home Sales to Trend Up in 2008" —Headline of a National Association of Realtors press release, Dec. 9, 2007
On Dec. 23, 2008, the group said November sales were running at an annual rate of 4.5 million—down 11% from a year earlier—in the worst housing slump since the Depression.
7. "I think you'll see [oil prices at] $150 a barrel by the end of the year" —T. Boone Pickens, June 20, 2008
Oil was then around $135 a barrel. By late December it was below $40.
8. "I expect there will be some failures. … I don't anticipate any serious problems of that sort among the large internationally active banks that make up a very substantial part of our banking system." —Ben Bernanke, Federal Reserve chairman, Feb. 28, 2008
In September, Washington Mutual became the largest financial institution in U.S. history to fail. Citigroup (C) needed an even bigger rescue in November.
9. "In today's regulatory environment, it's virtually impossible to violate rules." —Bernard Madoff, money manager, Oct. 20, 2007
About a year later, Madoff—who once headed the Nasdaq Stock Market—told investigators he had cost his investors $50 billion in an alleged Ponzi scheme.
10. A Bound Man: Why We Are Excited About Obama and Why He Can't Win, the title of a book by conservative commentator Shelby Steele, published on Dec. 4, 2007.
1. "A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!" —Richard Band, editor, Profitable Investing Letter, Mar. 27, 2008
At the time of the prediction, the Dow Jones industrial average was at 12,300. By late December it was at 8,500.
2. AIG (AIG) "could have huge gains in the second quarter." —Bijan Moazami, analyst, Friedman, Billings, Ramsey, May 9, 2008
AIG wound up losing $5 billion in that quarter and $25 billion in the next. It was taken over in September by the U.S. government, which will spend or lend $150 billion to keep it afloat.
3. "I think this is a case where Freddie Mac (FRE) and Fannie Mae (FNM) are fundamentally sound. They're not in danger of going under…I think they are in good shape going forward." —Barney Frank (D-Mass.), House Financial Services Committee chairman, July 14, 2008
Two months later, the government forced the mortgage giants into conservatorships and pledged to invest up to $100 billion in each.
4. "The market is in the process of correcting itself." —President George W. Bush, in a Mar. 14, 2008 speech
For the rest of the year, the market kept correcting…and correcting…and correcting.
5. "No! No! No! Bear Stearns is not in trouble." —Jim Cramer, CNBC commentator, Mar. 11, 2008. Five days later, JPMorgan Chase (JPM) took over Bear Stearns with government help, nearly wiping out shareholders.
6. "Existing-Home Sales to Trend Up in 2008" —Headline of a National Association of Realtors press release, Dec. 9, 2007
On Dec. 23, 2008, the group said November sales were running at an annual rate of 4.5 million—down 11% from a year earlier—in the worst housing slump since the Depression.
7. "I think you'll see [oil prices at] $150 a barrel by the end of the year" —T. Boone Pickens, June 20, 2008
Oil was then around $135 a barrel. By late December it was below $40.
8. "I expect there will be some failures. … I don't anticipate any serious problems of that sort among the large internationally active banks that make up a very substantial part of our banking system." —Ben Bernanke, Federal Reserve chairman, Feb. 28, 2008
In September, Washington Mutual became the largest financial institution in U.S. history to fail. Citigroup (C) needed an even bigger rescue in November.
9. "In today's regulatory environment, it's virtually impossible to violate rules." —Bernard Madoff, money manager, Oct. 20, 2007
About a year later, Madoff—who once headed the Nasdaq Stock Market—told investigators he had cost his investors $50 billion in an alleged Ponzi scheme.
10. A Bound Man: Why We Are Excited About Obama and Why He Can't Win, the title of a book by conservative commentator Shelby Steele, published on Dec. 4, 2007.
Where did Santa go???
Where did the Santa Claus rally go??? Did they revoke his visa or was he sick or are we just in a real bear market. It will be very interesting to see what we do this first week back from the holidays but until then stay safe and enjoy you holidays.
MARKETJEDI
MARKETJEDI
Tuesday, December 23, 2008
Pathetic Action
Yes I know it is holidays and I know most are away by now but that should have given the bulls their ways with the markets. This action is very disappointed not that I am a bull (far from one as you already ) but I really thought Santa would at least visit Wall Street this year, but as my friend told me today maybe he was laid off.
This is terrible action and now I firmly believe we will hit 695 on the S&P in January for sure. The only thing I think will give us a break is the inauguration, since the fanfare with Obama initial days will be heavy.
Note folks we were down 50% this year at one point in the S&P, I think next year can be another disasterous year. Time to learn new investing techniques and invest in other avenues because the days of buying and holding is allover.
Another disturbing development over the last two weeks have been the growing about of companies eliminating matching retirement contributions. I firmly believe that too will be a thing of the past and will cause more pain on the Markets as we have less and less players in the markets. The good thing is IF you are knowledgeable and willing to learn about new investments avenues as commodities, futures, forex etc you will be ok, but stocks are going to have a long long road before they rebound. Please folks forget about oh I am in this for the long term so they will come back, the market is NOT seeing 14000 ever again!!!! not in my my lifetime, just like the Nasdaq will never see its 5000 bubble level again, that's just the FACTS.
Long term I think DOW 2800 is more realistic than DOW 14000. I hope I am wrong but hey.......
Enjoy your holidays and travel safe.
MARKETJEDI
This is terrible action and now I firmly believe we will hit 695 on the S&P in January for sure. The only thing I think will give us a break is the inauguration, since the fanfare with Obama initial days will be heavy.
Note folks we were down 50% this year at one point in the S&P, I think next year can be another disasterous year. Time to learn new investing techniques and invest in other avenues because the days of buying and holding is allover.
Another disturbing development over the last two weeks have been the growing about of companies eliminating matching retirement contributions. I firmly believe that too will be a thing of the past and will cause more pain on the Markets as we have less and less players in the markets. The good thing is IF you are knowledgeable and willing to learn about new investments avenues as commodities, futures, forex etc you will be ok, but stocks are going to have a long long road before they rebound. Please folks forget about oh I am in this for the long term so they will come back, the market is NOT seeing 14000 ever again!!!! not in my my lifetime, just like the Nasdaq will never see its 5000 bubble level again, that's just the FACTS.
Long term I think DOW 2800 is more realistic than DOW 14000. I hope I am wrong but hey.......
Enjoy your holidays and travel safe.
MARKETJEDI
Monday, December 22, 2008
Plan for 2009
I am planning on distributing a SHORT list of stock that I think has significant downside for 2009. The list will not be published on the blog as will only be emailed if you request it for a small fee. I feel strong about the list just like I felt about RIMM @$120 which i had as my top short for the next 18 months and it completely collapsed. The list will consist of pure shorts and put options and how to play each of them in detail.
Stay tuned we planning to rock for 2009.
Our affiliated website will be up before the end of year...
MARKETJEDI
Stay tuned we planning to rock for 2009.
Our affiliated website will be up before the end of year...
MARKETJEDI
Sunday, December 21, 2008
Christmas Week
Remember folks dont expect much volume this week. Last weeks volume was terrible even with quadruple witching. Monday and tuesday most traders might just be squaring off positions before the year ends and that might be it for them. Two things concern me here, firstly the second test of 918 was not too convincing and secondly the volume is extremely low which in my mind shows the lack of interest in the rally.
First full week of January the bulls must step up the volume or the fear of non commitment will set back in and we will definitely go down.
One likely scenario here is we get a grind up into the new year then we cramp out in the second to third week of January, then Rally on the Obama's inauguration. This market is trying its best to build a base but the volume is just not supporting it. We will obviously see soon enough.
Been getting a few emails about the action and all I have to say is this time of year most people aren't pushing it and therefore there isn't much to report on. Also we are getting our final papers together for our fund, which should start trading in January. Wish us luck !!!!!!!!!!!
MARKETJEDI.
First full week of January the bulls must step up the volume or the fear of non commitment will set back in and we will definitely go down.
One likely scenario here is we get a grind up into the new year then we cramp out in the second to third week of January, then Rally on the Obama's inauguration. This market is trying its best to build a base but the volume is just not supporting it. We will obviously see soon enough.
Been getting a few emails about the action and all I have to say is this time of year most people aren't pushing it and therefore there isn't much to report on. Also we are getting our final papers together for our fund, which should start trading in January. Wish us luck !!!!!!!!!!!
MARKETJEDI.
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