ShepWave Updates. Are U.S. Investors at risk of 'more' Ponzi Schemes. Is the 401K the biggest Ponzi Scheme Ever?
by ShepWave.com
Posted: 12/15/2008 19:22 EST
Back in circa 2000 when even the Nasdaq Indexes were at record levels creating emotion and advances in investor's accounts we heard 'Financial Analysts' screaming such slogans as "Nasdaq 10,000!"
Last year as the Dow Industrials index hit its new all time highs we witnessed on Television and popular Financial Analysts saying again, 'Dow 20,000!' etc.
The U.S. Economic status is at risk of making another major paradigm shift. It is debatable that the U.S. Equity Markets are even 'investable' for someone planning to retire in 50 years. While these popular financial so-called gurus offered no caution or objectivity for their pronounced frothy appeal; again, it just proves the slogan: 'If it seems to good to be true, it usually is.'
It will most likely go down in the History Books that the 401K plan was the most brilliant device ever invented by the few to profit at the expense of the many. Most investors who have a 401K plan have no idea of what types of funds they are even in. To give someone control over something (without educating them) that on the surface seems to be a 'guarantee' but at its roots could destroy them and postpone their retirement for anywhere from 20 years to indefinitely seems a bit cruel; but Wall Street has been doing that for years. So don't act surprised now!
In recent months we have seen the demise of the Home Finance Industry, many investment companies, Credit Card Companies, and are now faced with the probable eventual demise of the U.S. Automotive Industry as we 'knew' it. The irony is that the vehicles (no pun intended) we are seeing turned upside down are the very means which created the excesses in the current U.S. Economic situation in the first place.
While it remains probable that the U.S. Equity Markets are not investable one thing is for sure to be around for a while; Volatility. Over the past year we have seen major swings in the indexes creating major profits for Objective, Accurrate, Disiplined, Traders/Investors.
Below is just a sampling of some ShepWave Reports which have been published over the past year or so. While 2008 has proven to be the 'Year of Confusion' for most U.S. Investors, ShepWave has seen its best year ever trading in the current turbulent markets. The Year 2009 will most likely prove to be the 'Year of Suffering'. The rich and the smart will get richer while the poor and ignorant will get poorer.
Remember there will always be 'buying' opportunities; but the trick is knowing when to SELL. The days of 'Buy and Hold' may be gone for some time.
Click here to read the ShepWave Update from August 21 when the Dow was at the 11,400 area.
WEEKEND INVESTOR
No time to lose
If you were expecting your target-date retirement funds to keep your nest egg safe, you’ve been off target this year.
Is the bear market over? OR is it just beginning? Stay Objective and keep making money in this market; that is the key. ShepWave has had its most profitable year ever trading over the past year. And, things may just now be 'heating' up.
Baby boomers face three new risks over the next 20 years: Report First risk was listening to the General Media or TV Financial Pundits for Investing Advice.(LOL)
Worried about a depression? How about a 100-year bear market
The link above is an interesting article.
Cllick the link above for an interesting article. So, if retail returns to the 70's will the Stock market? Most financial pundits missed the 40+% stock market move of the past year. They continually say that the market always goes up. ShepWave suggests extreme caution. We have shown some very critical technical 'facts' which have occured recently which could dictate future market action. Don't miss one of the biggest trading/investing(??) opportunities of a life time.
| MARK HULBERT Panic doesn't mean we've hit the bottom |
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Absence of the psychological characteristics of capitulation means we likely haven't seen the low yet. |
ShepWave Note: No Kidding. I always like to read what these 'financial analysts' (and I use the term loosely) were saying when the markets were at their highs. (LOL)
• 18th bank fails: Houston's Franklin Bank (who's next?)
• Jobless rate jumps to 14-year high of 6.5%
For trading strategies, Trade Signals, Triggers, Targets, Charting and Elliott Wave Theory Analysis go to http://www.shepwave.com/
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| Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA. |
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