• 8 hours Buffett, Dimon Voice Support For Stock Buybacks
  • 14 hours Newmont Goldcorp Now World's Top Miner After Sealing The Deal
  • 1 day Canopy Growth Eyes U.S. Pot Producer In $3.4B Takeover Deal
  • 1 day U.S. Slaps New Sanctions On Cuba To End ‘Glamorization Of Communism’
  • 2 days The Unstoppable Electric Bus Revolution
  • 2 days Pinterest, Zoom Launch Much Anticipated IPOs
  • 2 days Marijuana’s Bizarre Bottleneck Isn’t What You’d Expect
  • 2 days Climbing Stocks Weigh On Gold, But A Turnaround May Be Near
  • 3 days China's Economic Growth Exceeds Analyst Expectations
  • 3 days Gold Prices Fall On Record Global Production Estimates
  • 3 days Can Meditation Make A Business More Profitable?
  • 3 days America’s Biggest And Most Profitable Actually Got Tax Rebates
  • 4 days Central Bank Gold-Buying Is Chipping Away At The Dollar
  • 4 days The Three Assets That Outperformed The S&P Over 20 Years
  • 4 days Inside China’s Renewed War To Purge the Internet
  • 4 days Trump Blames Fed For 10,000-Point Stock Market Loss
  • 5 days Musk Draws SEC Attention With Another Controversial Tweet
  • 5 days The Overlooked Factor Contributing To Inflation
  • 5 days Does Capitalism Need An Upgrade?
  • 6 days Next Major Stock Market Selloff Could Spark A Bull Run For Gold
Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Steve Bauer

Steve Bauer

Steve owned a privately held asset management firm and managed individual investor and corporate accounts as a Registered Investment Advisor - for over 40 years.

Contact Author

  1. Home
  2. Markets
  3. Other

Saturday (morning) Weekly Market Wrap for November 10, 2012

Good Morning: It's Saturday again ...

Accuracy in Forecasting is what it is all about:

This all dates back to over 50 years of my work / analytics of Inflection Points.

Accuracy is What it is All About

I have written a large number of articles on my Methodology which is based on the early and clear Forecasting and Identification of all Inflection Points. I know of no other source of information and data that provides LEADING guidance with this consistent accuracy.

All my articles are based on "My Methodology" - You might consider spending some time reviewing the following URL: http://www.safehaven.com/article/27312/my-methodology



The Market for the Past Week

Market Wrap

It was a good week again if you are Bearish and I / We (Clients) are definitely "Bearish." I continue to look for a Bounce / Mini-Rally that just does not materialize. That is partially explainable due to the election. When it (a Mini-Rally) does happen, it will "sink the ship" and all kinds of negatives will begin to be reported by Washington and other Capitals of the world.

Remember, I have said: the U.S. is in an (unannounced) Recession, that and much more will be "announced" AFTER the Election. I believe nine Countries are in Formal / Announced Recession. The U.S. and some Asian Countries are also in peril.

More on that tomorrow - exclusively in my "Client Weekly ("Detailed") Forecast - Update."

Again - Historically it was a strange week, but it really did not change anything.

This week I will assume you have read more of the pathetic "NEWS" (as reported by the U.S. media - that I dislike SO MUCH).

I will move on to the Fiscal Cliff that these media jerks have switched to as something nobody understands.


Fiscal Cliff Defined:

A combination of expiring tax cuts and across-the-board government spending cuts scheduled to become effective Dec. 31, 2012. The idea behind the fiscal cliff was that if the federal government allowed these two events to proceed as planned, they would have a detrimental effect on an already shaky economy, perhaps sending it back into an official recession as it cut household incomes, increased unemployment rates and undermined consumer and investor confidence. At the same time, it was predicted that going over the fiscal cliff would significantly reduce the federal budget deficit.

Read more: http://www.investopedia.com/terms/f/fiscalcliff.asp#ixzz2BpMEWxgJ

For the week, the Dow and the Nasdaq lost over two percent. Hum! Could it be that even the President of the United States cannot fix the Economies of the World or gain any confidence in the Financial Markets of the World? I have been giving you the answer for years!

My Valuation Forecast of not such good Earnings was endorsed and magnified again this past week with all major Indexes losing.

Europe and Asia are not doing any better.

Not a pretty picture for the foreseeable future ...



My Inflection Point (I. P.) Count

Rebounded two weeks ago Friday to 50+ and yesterday fell back to the low 40s. I continue to be impressed with the "Accuracy" and "Sensitivity" of My New Proprietary Indicator.

You might want to stay in touch with My ( NEW ) Proprietary Indicator. Go to: http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=1&mn=6&dy=0&id=p79023347983&a=270034212

This might just be the best Indicator I have ever seen! "Plug In" - - You might be impressed too?

I would appreciate your becoming a "Follower" and "Vote" as often as you can. I am requesting you to do this - so that StockCharts.com keeps me "live" on their Public List. Just click on "Follower" and / or "Vote" in the upper right corner after entering the following URL: http://stockcharts.com/public/1616666


Repeating: I continue to find little to nothing to de-rail my position that the U.S. is already in an (unannounced) Recession -- and -- that a "Confirmed" Bearish Inflection Point is well over due.



Summary

Again -- The Market was NOT Up as Forecast!

Note: My Forecast for the General Market is Bearish, but REQUIRES "Confirmations" to be active. Until my "Confirmations" are in place Kick-In) I cannot take further Bearish Positions.

Treasuries were Up as would be expected for the week. A Mini-Pull Back is in the making.

The U.S. Dollar was Up a bit and is looking to rally some more. My Rally now looks like it is Topping.

Oil (Crude) was Up over one percent again. A Rally is in the making.

Gold Rallied by over three percent. This Turn-Up deserves a close watch for the possible "Confirmation" of a further Rally.

Silver Rallied by over five percent. This Turn-Up deserves a close watch for the possible "Confirmation" of a further Rally.

Commodities (Comprehensive) were Up a bit. It does seem to be bottoming.


I hope you will permit me to answer your Questions and Thoughts.

My Email Address: senorstevedrmx@yahoo.com


The following are the 13 Companies and 13 ETFs that I providing Articles and Alerts / Warnings. Remember, these are only my Bellwether Companies as a partial guide to use my Rotation Model to Identify the Currently Most Favorable Companies and ETFs to consider at the time of the above mentioned Inflection Points.

Companies & ETFs: AA, AAPL, BAC, C, CMCSA, CSCO, F, GE, GOOG, INTC, MSFT, AT&T, XOM, BJK, IAI, IAT, IGV, KOL, XAR, XBI, XES, XHB, XME, XOP, XPH, XSD.

(To view my 20-Year Chart for any of the above Symbols - just Click on the Symbol ).

StockCharts (ALL (50 or so) High Profile - Bellwether Companies) Public List:http://stockcharts.com/public/1616666

I hope you will become a regular Follower and perhaps a valued Client. My work / analytics should be very compelling for your considering working with me.

Smile, Have Fun - "Investing Wisely,"

 

Back to homepage

Leave a comment

Leave a comment