MarketWatch: Five down weeks stir crash whispers

[marmar]

By Peter Brimelow, MarketWatch


NEW YORK (MarketWatch) — Double dip? Five down weeks has Wall Street whispering about another Crash.

First, a (moderately cheerful) proprietary word. The average recommended stock market exposure among the timers tracked by the Hulbert Financial Digest, as represented by the Hulbert Stock Newsletter Sentiment Index , stood at 24.8% on Friday night. That contrasts with 46.0% last Tuesday, which Mark Hulbert worried, citing contrary opinion, said was “only moderately lower than the 67.2% that prevailed at the beginning of May.”

Mark concluded: “Perhaps the most bullish thing that could happen in coming sessions, according to contrarians, would be for the market to undergo further declines, and that those declines prove to be so discouraging that a majority of the currently bullish market timers decide to throw in the towel.”

Well, at least it looks like this process is underway. ...............(more)

The complete piece is at: http://www.marketwatch.com/story/five-down-weeks-stir-crash-whispers-2011-06-06

[MilesColtrane]

1. The market is reacting to the fight over raising the debt limit ceiling.

Investors are nervous about the GOP's political game of chicken with the world economy.

Everyone in the market is asking themselves, are Congressional Republicans really insane or are they just pretending to be?

[Ship of Fools]

2. just polished up the tines of my pitchfork ...

[HillbillyBob]

3. Time to make torches and heat up the tar n pluck chickens

nt..

[baldingrockwarlord2]

4. Here's the thing....

Tax cuts for the rich and the Corps has not produced or created jobs. Even when the "market" rebounded after the pre Obama mess-still-no jobs. Therefore I care less about the "market" reports like this. There are no jobs whether the market is up or down. Let it burn. Let it crash. If that's what it takes to finally rebuild as one nation-one people, so be it.The markets doing good has only helped wall street and not main street. Let wall street crash hard-they need to be taught a lesson. Not enough of them creeps jumping out of buildings as AFAIAC. Unpopular opinion perhaps, but I'm sure I'm not completely alone.

[FreeStateDemocrat]

5. You're right about Wall Street and about not being alone, count me in to the obvious.

No fucking jobs and more importantly no good jobs those with decent pay and a necessary benefit package.

[AndyTiedye]

6. The Robber Barons Would Make a Killing on a Crash

A crash won't help us, but it would be very profitable for them if they are betting on it, which is likely at this point.

They made a killing on the last crash, they will do even better on this one.

[Cali_Democrat]

11. +1000

Let the bitch burn.

[Shandris]

7. Well there's definitely some 'bull' involved in the market...

...but it ain't got nothin' to do with bears.

[xchrom]

8. recommend

[KurtNYC]

9. This was an easy call. How old is "Sell in May and go away" ?

I will stay in foreign currency (renminbi) until late October then see how it looks.

Market timing works. Buy and hold is for suckers and a stop loss order is the biggest bargain in trading.

[JoePhilly]

10. How much is the DOW down since June 2010????

Just wondering.

[Cali_Democrat]

12. The DOW is up since June 2010

[JoePhilly]

14. Maybe I needed the sarcasm thingy. :-)

That was my point.

[Phoonzang]

13. And the sad and hilarious thing about it is that it's all our choice.

If they don't want the market to crash, don't freak out and start selling.