I'm calling you ALL out

Nov 20, 2009 12:13 am

You are all so brave behind your lies. No BS noexcuses…I want to know what you hold right now and if any changes are made post them here. I have posted my holdings, now let’s have them!!! I will be holding all of you accountable after the crash. ( Even though you will make excuses and lie at that point )  I have said it before and I will say it again…I am not predicting the end of the world, it won’t happen. I am predicting a repricing of equities. Now, post your holdings and nothing else…if you dare

Nov 20, 2009 12:18 am

I’m holding a cup of coffee.

Nov 20, 2009 12:18 am
howboutshoeshine:

You are all so brave behind your lies. No BS noexcuses…I want to know what you hold right now and if any changes are made post them here. I have posted my holdings, now let’s have them!!! I will be holding all of you accountable after the crash. ( Even though you will make excuses and lie at that point )  I have said it before and I will say it again…I am not predicting the end of the world, it won’t happen. I am predicting a repricing of equities. Now, post your holdings and nothing else…if you dare

    Don't feel like searching, post again exactly what you are holding... if you dare.
Nov 20, 2009 12:29 am

Sure…let me just run it by compliance…

Nov 20, 2009 12:32 am

I’m holding something just for you

Nov 20, 2009 12:49 am

Shine - what are your holdings?

  Okay boys, let's take this outside to the Investopedia Stock Simulator.  You can make the contest password protected so it is out of the public realm.
Nov 20, 2009 12:57 am
mlgone:

I’m hold my d**

wait a minute shineboy? YOUR HOLDING MY D**

    He's holding his own d***, or a AAA battery.  Difficult to tell.
Nov 20, 2009 1:04 am

Well, Losers. I’m done, you’re too stupid for me.

10% US dollar 15% 20 year treasuries 15% corporates 15% aggregate bond index 5% short GOLD 10% TIPS 15% BIL CASH   I won't post again, USELESS. I FEEL BAD FOR YOUR CLIENTELE.     GUTLESS PSSIES
Nov 20, 2009 1:09 am

If you guys really feel confident, you can join:

  Set up a game called:   I'd like to invite you to join the game named Bullsh*t Contest as well. To sign up and to join the game right now, click here.   PM me for the password (not open for public viewing).   This simulator has its limitations - but fairly accurate.  Also, be careful with your email address (make a new one) because everyone will be able to see it.
 
Nov 20, 2009 1:37 am

Ishares China

Ishares Brazil   Short... ENER  
Nov 20, 2009 1:44 am

Im holding your wive’s car keys.   she is freshing up.

Nov 20, 2009 1:45 am

That’s the most pathetic gutless portfolio I’ve ever seen. I make more in  two weeks than that with the same OR LESS RISK in a year.

  Good job moron.    
Nov 20, 2009 1:45 am
 rm
Nov 20, 2009 2:13 am

[quote=howboutshoeshine] Well, Losers. I’m done, you’re too stupid for me.

10% US dollar

15% 20 year treasuries

15% corporates

15% aggregate bond index

5% short GOLD

10% TIPS

15% BIL

CASH



I won’t post again, USELESS. I FEEL BAD FOR YOUR CLIENTELE.





GUTLESS PSSIES[/quote]



classic small investor



trying to call top/bottom (usd, gld)



fighting trends



ull lose money
Nov 20, 2009 2:27 am

Shoe shine boy - i was gonna say i’m holding your wife, but someone beat me to it. So, i wasnt gonna tell you this, but i’m holding your mother. She’s pretty hot too.

  Aside from that, you should consider going into a training program with a wire. It would be a great fit. Sorry guys, this is probably the dumbest post i ever did, but i couldnt resist. Even an old guy like me should be able to act like a 2 year old once in a while. Really though, your mother rocks.
Nov 20, 2009 2:32 am

[quote=iceco1d]This contest is a “best efforts” situation?  Maximum return?  Wet blanket, if you’re going to be running this show, we should be doing portfolios for a hypothetical case…say, "50 year old, single male.  Never married, and no plans of being married.  No kids.  Parents dead.  Has a 52 y/o brother.  Considers himself “aggressive.”) blah blah blah.

[/quote] Okay.  82 year old man, dead wife.  $462,000 to his name and he withdrawals 38%  a year.  Hoping to die before money runs out.  Go!
Nov 20, 2009 2:42 am

[quote=Wet_Blanket] [quote=iceco1d]

Okay. 82 year old man, dead wife. $462,000 to his name and he withdrawals 38% a year. Hoping to die before money runs out. Go![/quote]



3000 shares EDC

100 shares C

100 shares JDSU

100 shares AIG

balance in cash

Nov 20, 2009 6:06 am

I found this on seeking alpha. Plug it in for me mel…

  · 50% SPY (S&P 500) · 20% AGG (U.S. investment-grade bonds) · 10% TIP (Treasury Inflation Protected Securities) · 5% USO (West Texas intermediate crude oil, spot price) · 5% GLD (Gold bullion) · 5% EEM (Emerging market stocks) · 5% GARTX (Goldman Sachs ART hedge-fund index)
Nov 20, 2009 6:30 am

5 short gold. Lol

Nov 20, 2009 11:01 am

[quote=iceco1d] [quote=Wet_Blanket][quote=iceco1d]This contest is a “best efforts” situation?  Maximum return?  Wet blanket, if you’re going to be running this show, we should be doing portfolios for a hypothetical case…say, "50 year old, single male.  Never married, and no plans of being married.  No kids.  Parents dead.  Has a 52 y/o brother.  Considers himself “aggressive.”) blah blah blah.

[/quote] Okay.  82 year old man, dead wife.  $462,000 to his name and he withdrawals 38%  a year.  Hoping to die before money runs out.  Go![/quote]

That seals the deal man, it's official...compliance people just shouldn't attempt humor. 
[/quote] Hah - I wish I made up that scenerio.
Nov 20, 2009 12:53 pm

[quote=iceco1d]

[quote=Wet_Blanket][quote=iceco1d]This contest is a “best efforts” situation? Maximum return? Wet blanket, if you’re going to be running this show, we should be doing portfolios for a hypothetical case…say, "50 year old, single male. Never married, and no plans of being married. No kids. Parents dead. Has a 52 y/o brother. Considers himself “aggressive.”) blah blah blah.











[/quote]









Okay. 82 year old man, dead wife. $462,000 to his name and he withdrawals 38% a year. Hoping to die before money runs out. Go![/quote]That seals the deal man, it’s official…compliance people just shouldn’t attempt humor. [/quote]







Don’t worry, the mkt has annualized 10 % since the beginning of time…buy, buy, buy
Nov 20, 2009 2:41 pm

Wow, he is clearly asking how you are positioned now, not how have you been positioned. Also, not one person replied. I am a buy and hold guy so I follow asset allocation, but I think shoeshine made his point.

Nov 20, 2009 3:20 pm
iceco1d:
I posted most of my holdings…but then I noticed how many people already joined this thread, and decided even an incomplete list without allocations was probably a bad idea. Sorry.



Allocation doesn't matter stocks always go up over time..blah blah blah
Nov 20, 2009 4:25 pm

50% Guns

50% Ammo 50% Delicious Quesadilla
Nov 20, 2009 8:41 pm

[quote=UNDERMINDED] 50% Guns

50% Ammo

50% Delicious Quesadilla[/quote]



DELICIOUS QUESADILLA.



THIS is post of the year.

maybe post of decade

maybe greatest post EVER

no time frame



greatest EVER-period



D Quesa. great call
Nov 21, 2009 12:02 am

Everything in WAMUQ

Nov 21, 2009 1:38 am

[quote=iceco1d] [quote=What Me Worry] [quote=iceco1d]

I posted most of my holdings...but then I noticed how many people already joined this thread, and decided even an incomplete list without allocations was probably a bad idea.  Sorry. [/quote]


Allocation doesn't matter stocks always go up over time..blah blah blah[/quote]

I'm going to put this as nicely as I can to you...

Shut your f*cking mouth you little child.  If I want your opinion, interjection, or point of view, I will directly ask for it.  Otherwise, put your skirt back on, sit down, and shut the f*ck up until you're called on, or spoken to, if ever (unlikely).
[/quote]
Nov 21, 2009 1:49 pm

[quote=iceco1d]

[quote=What Me Worry] [quote=iceco1d]

I posted most of my holdings…but then I noticed how many people already joined this thread, and decided even an incomplete list without allocations was probably a bad idea. Sorry. [/quote]





Allocation doesn’t matter stocks always go up over time…blah blah blah[/quote]I’m going to put this as nicely as I can to you…Shut your fcking mouth you little child. If I want your opinion, interjection, or point of view, I will directly ask for it. Otherwise, put your skirt back on, sit down, and shut the fck up until you’re called on, or spoken to, if ever (unlikely)



you and you clients will all be crushed by every mkt in the world.it is a huge bubble created by too much money being printed.you are screwed.quit paying attention to what your firm and the boneheads on cnbc are telling you.they are simply trying to sell products. Go ahead and break out your software to try to find my identity and ban my ip address.it will not work.you are a 28 year old loser.quick find a new career why you have the chance
Nov 21, 2009 3:09 pm

[quote=UNDERMINDED]50% Guns

50% Ammo 50% Delicious Quesadilla[/quote] Best post since meletio predicted hurricane meletio would hit at 12:37 eastern.
Nov 21, 2009 3:12 pm
howboutshoeshine:

You are all so brave behind your lies. No BS noexcuses…I want to know what you hold right now and if any changes are made post them here. I have posted my holdings, now let’s have them!!! I will be holding all of you accountable after the crash. ( Even though you will make excuses and lie at that point )  I have said it before and I will say it again…I am not predicting the end of the world, it won’t happen. I am predicting a repricing of equities. Now, post your holdings and nothing else…if you dare

Ball shiner.
Nov 21, 2009 6:12 pm

[quote=iceco1d]

[quote=What Me Worry] [quote=iceco1d]

I posted most of my holdings…but then I noticed how many people already joined this thread, and decided even an incomplete list without allocations was probably a bad idea. Sorry. [/quote]





Allocation doesn’t matter stocks always go up over time…blah blah blah[/quote]I’m going to put this as nicely as I can to you…Shut your fcking mouth you little child. If I want your opinion, interjection, or point of view, I will directly ask for it. Otherwise, put your skirt back on, sit down, and shut the fck up until you’re called on, or spoken to, if ever (unlikely).[/quote]



Ok i’m gonna put this a nicely as possible. I could less of a tiny piece of crap what you think. This is a forum for opinions. My opinion is that you will be out of business in less than 2 years. My opinion is you are a punk 28 year old who doesn’t know his head form his ass, My opinion is you probably have not cracked the 5 million in assets mark. My opinion is that all of your friends call you a loser when you leave the room. and did I happen to mention I could care less what you think. I don’t even know you. Any questions douchebag ?
Nov 21, 2009 7:29 pm

[quote=iceco1d]

2 quick points:#1 - For a guy that “doesn’t care what I think,” you still needed to respond to my post, not once, but twice! This is AFTER you responded to one of my posts, for no reason at all. Not the behavior of someone that “doesn’t care what I think.” The simple fact of the matter is that no matter how much you want me to give you a little lesson in economics and finance, it’s just not going to happen pal. #2 - For a guy that claims to know more than the rest of us, you sure do have trouble following simple directions. You know, like “shut your fcking mouth, child," now, I wouldn’t think that’s a tough one to follow? Apparently it is though, so I’ll reiterate it. Unless you are spoken to on this forum, directly, keep your fcking sac-shiner SHUT. You do not have my permission to speak, nor does anyone give a fck about your opinions. Shut. The. Fck. Up. Loser. Truly, what kind of loser, failure of a human being, spends countless hours on an internet forum where exactly ZERO people like him. In fact, you come here with the sole intent of being disliked. And this isn’t something you got drunk one night, and picked a fight online…you’ve been at this for almost 6 months! What the fck is wrong with you? See a shrink. Find a woman. Get a hobby. Do SOMETHING, you god dmn loser! Really? What kind of pathetic “man” are you? If you ARE a “kid,” you must be quite a bit of a douche…all the other 20-somethings are out getting laid and having fun. You are on here envying some strangers Forefront bonus? If you really ARE a wealthy trader, image how pathetic your peers would find your leisure activity of coming on here for sooooo long, acting like a complete child? But in all likelihood, you are a 40 - 55 y/o loser, with a ho-hum office job, that probably got burned with your $18K IRA with some idiot broker in the tech bubble. Since then, you don’t trust FAs, and have been day trading your IRA on Schwab. Of course, since the tech bubble, every retard made money, but since you got burned by stocks before, you probably run a pretty conservative portfolio. SO when the house burnt down in 2008, you were pretty safe, which you THINK now gives you the right to profess how much of a market guru you are. But in reality, you ARE so conservative, because in real life, everyone hates you. You’re the guy that gets made fun of behind your back (which is often, because NO ONE invites you anywhere). The extent of your social interraction is at the water cooler at work, or in the lunch room or cafeteria, or with your parents (with whom, you may still live with). When you were in high school, you never went to a dance. You never dated a girl. You didn’t get laid. You didn’t get invited to any parties. You didn’t play any sports. You had pimples, probably were a little porky, some sh*t-rocket car, and drab clothes. You were, and still are, the epitome of a dweeb. Flash forward 20 or 30 years, and you are STILL that pathetic little man-wannabe. No friends. No social skils. No money. No nice things. No family. No wife. No kids. You hate your life so much, you come on this forum (and probably others, too) and pretend to be a person you are not. The jig is up Mel, I know who and what you are, and so do most people on this site. Move on. And as my honest advice to you would be, knock the chip off your shoulder. Admit what your life has been, and WHY it has been that way. The only person that can make it better, is you. Drop the grudge. Expand your horizons. Make an effort to develop a personality. Read some books. Maybe take a class. And try and make the last 1/2 of your life, better than the first 1/2. And maybe someday, you can actually be a functional part of society, and enjoy life, instead of being the bitter little recluse that you are.Good luck.Edit - Guess that wasn’t QUICK, nor was it only 2 POINTS. Sorry.

[/quote]





Well guess what you 28 year old child. I read everything you just posted and I must say that with out question…” you score a ZERO " 100 % incorrect on every single point you attempted to make. I hope you do better in you soon to be ended career than you do here. By the way…I see you also post on gametracker as well. Are you a loser on those forums as well. By the way, I did find a woman…YOUR MOM

Nov 21, 2009 7:38 pm

[quote=iceco1d]

[quote=What Me Worry] [quote=iceco1d]

I posted most of my holdings…but then I noticed how many people already joined this thread, and decided even an incomplete list without allocations was probably a bad idea. Sorry. [/quote]





Allocation doesn’t matter stocks always go up over time…blah blah blah[/quote]I’m going to put this as nicely as I can to you…Shut your fcking mouth you little child. If I want your opinion, interjection, or point of view, I will directly ask for it. Otherwise, put your skirt back on, sit down, and shut the fck up until you’re called on, or spoken to, if ever (unlikely).[/quote]





nice car cheeseball!



Nov 21, 2009 7:56 pm

I think you guys are way too harsh on Mel.   Let him have some fun here on the forum. It’s his only social interaction besides porn.

Nov 22, 2009 1:22 am

Jesus you can’t make a buck in this market, the country’s goin’ to hell faster than when that son of a bitch Roosevelt was in charge. Too much cheap money sloshing around the world. The worst mistake we ever made was letting Nixon get off the gold standard.

Nov 22, 2009 1:54 am

Churn em and burn em buddy boy …we’re not fund managers



Nov 22, 2009 4:13 am

[quote=Lou] Churn em and burn em buddy boy …we’re not fund managers



[/quote]



sup mel?







You once told me, don’t get emotional about stock.

Don’t!

The bid is 16 1/2 and going down.



As your broker, I advise you to take it.

Nov 24, 2009 4:27 am

Wonder if Shoeshine saw Prechter today on Fast Money.  Prechter said the top is in and he expects the market to make new lows next year.

Nov 24, 2009 12:18 pm

Are you serious?    Whip saw Precher REALLY said that?



Ok then.   we are going to new lows then. if he said it.

Nov 24, 2009 5:41 pm
Shania Twain:

Are you serious?    Whip saw Precher REALLY said that?

Ok then.   we are going to new lows then. if he said it.

  Prechter is dead wrong. However, whipsaw is not a fair nickname. He got out at the highs, ( actually he shorted ) got in at the lows, And did not bail until August 5th. Granted, he is making a huge mistake. The guy NAILED it.( until now ) Smart guy, he just underestimates the govt.'s ability to manipulate. ( the worlds govt.'s )
Nov 25, 2009 3:36 am

We’re stuck in a Mideast quagmire,

The dollar is falling like lead,

The national debt is exploding,

I think I’ll just go back to bed.



More firms are defaulting on pensions,

They say SSI must be trimmed,

What happened to promised protections,

Our safety nets all have been skimmed.



The good jobs are all disappearing,

I’m working much harder for less,

Some signs of a budding inflation,

Make me nervous, I gotta confess.



Optimism a great soporific,

Fast asleep we are happy and free,

But sometimes you have to stop dreaming,

And face up to reality.

Nov 25, 2009 3:38 pm

[quote=BigKahuna][quote=Shania Twain]

Prechter is dead wrong. However, whipsaw is not a fair nickname. He got out at the highs, ( actually he shorted ) got in at the lows, And did not bail until August 5th. Granted, he is making a huge mistake. The guy NAILED it.( until now ) Smart guy, he just underestimates the govt.'s ability to manipulate. ( the worlds govt.'s )[/quote]   Prechter in same league with Huckster drunk Joe Granville and con man harry dent so wrong in 80's so wrong in 90's so wrong in 00's   They just re-load with the con game to sell fear or greed      
Nov 25, 2009 3:41 pm

[quote=curly]


And face up to reality.
[/quote]   Mel,   You need to face reality.   You missed huge move your losing money you have been DEAD wrong   thats reality.  
Nov 25, 2009 4:04 pm

i don’t know this mel guy, but most people who are short the mkt tend to trade longs during the day to stay ahead until the dreaded day comes…which is soon

Nov 25, 2009 4:08 pm

[quote=mlgone] right mel.



you’ve been wrong for over a month. great creditbility[/quote]





you should stick to posting pictures b/c your comments aren’t worth reading
Nov 25, 2009 4:10 pm
mlgone:

great call on the S&P at 950 by Nov’s end. spot on mel




I just joined this forum this morning , how do you know what picks I've made ?
Nov 25, 2009 4:17 pm

can someone explain how a huge move has been missed in this mkt when the S & P 500 is 1% in the past 6 weeks ?



And only 2.6% in 8 weeks ?



Nov 25, 2009 4:29 pm

[quote=Shania Twain][quote=BigKahuna][quote=Shania Twain]

Prechter is dead wrong. However, whipsaw is not a fair nickname. He got out at the highs, ( actually he shorted ) got in at the lows, And did not bail until August 5th. Granted, he is making a huge mistake. The guy NAILED it.( until now ) Smart guy, he just underestimates the govt.'s ability to manipulate. ( the worlds govt.'s )[/quote]   Prechter in same league with Huckster drunk Joe Granville and con man harry dent so wrong in 80's so wrong in 90's so wrong in 00's   They just re-load with the con game to sell fear or greed      [/quote]   Couldn't be more wrong
Nov 25, 2009 5:35 pm

[quote=BigKahuna]

]Couldn’t be more wrong[/quote]



For example, the Wall Street Journal ran a page one article in August 1993 with the headline, “Robert Prechter sees his 3600 on the Dow–But 6 years late,” in reference to Prechter’s 1987 forecast for the Dow Jones Industrial Average.[15] Technical analyst David Aronson wrote:

The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method’s loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[16]

His long-term track record from his newsletter calls has been poor. Using data from newsletter tracker Mark Hulbert, syndicated columnist Eric Tyson showed that Prechter has underperformed the broad market averages by 25 percent per year since 1985. [17]

In July 2006 he asserted that gold had reached its peak and that oil, then around $70 bbl, also had peaked in price. Oil reached $135/barrel in late May 2008 before crashing as he had predicted. [18] [19]

[edit]



Precter is a salesman.   he sucks

Nov 25, 2009 5:39 pm

Harry Dents dow 41,000 target



con man salesman



The Roaring 2000’s Investment Strategy



The chart on page 36 (a rough approximation appears below), “Economic Cycle and Investment Strategies,” is an excellent visual summary of the Dent’s advice. He thinks large cap growth stocks should do well in the growth boom from 1982 through 2008. He predicts that a 12 to 14 year long recession will follow, ending in about 2022. The accompanying deflation means US Treasury bonds would be the best bet during that period. Long-term buy & hold (LTB&H) stock investors will have a big decision on their hands: stay long in stocks or switch to bonds. His final price target is dow 41,000.





During the growth boom (1982-2008), Dent advises the following asset allocation:



32.5% financial services

32.5% computer software and systems

15.0% health care & pharmaceuticals

20.0% Asian stocks (excluding Japan)

Nov 25, 2009 5:43 pm

do i even need to dis joe the drunk granville.?



i think his long term numbers are off the charts (poor)



something like minus 15% over 25 years



that would be hard to do if you TRIED



precter, dent and granville are all full of shti.



Nov 25, 2009 5:50 pm

these guys all the same.   sell their greed or fear.   



when they wrong and blow people out, just reload with more meth-head witch doctor bullshti.    get more suckers to buy news letter.   the new group (you) think they mensa if they made a good call recently. (which is 50-50)



precter such a Ivy league arrogant d-bag.    whip saw loser

Nov 25, 2009 5:55 pm

IBD and Cabot.    all you need.

Nov 25, 2009 9:07 pm

You are wrong on Prechter. Period. I acknowledge your example though.

Nov 25, 2009 10:12 pm

prechter was right in june 08.



Look at his full body of work.   



he is full of crap.    his track record sucks



buy and hold spx and you destroy his numbers



goog his name and elliot wave



he cant hide from FACTS



and he lies.    



its total witch doctor



he has been wrong much more then right



Nov 25, 2009 11:11 pm
Shania Twain:

prechter was right in june 08.

Look at his full body of work.   

he is full of crap.    his track record sucks

buy and hold spx and you destroy his numbers

goog his name and elliot wave

he cant hide from FACTS

and he lies.    

its total witch doctor

he has been wrong much more then right

  Not True. For long-term investors he said buy and hold in 1983. Then in 2000 he said get out. Everything else ws short-term and he stated that. Check your facts
Nov 27, 2009 6:39 am

Here it comes you DUMB mother FCKERS

Nov 27, 2009 4:11 pm

[quote=BigKahuna][quote=

Not True. For long-term investors he said buy and hold in 1983. Then in 2000 he said get out. Everything else ws short-term and he stated that. Check your facts[/quote]   Robert Prechter: 100-Year Bear? (Last Updated 11/25/09)

We evaluate here the stock market forecasts of Robert Prechter, mostly since April 2002. Evaluated predictions come indirectly via MarketWatch columns, which have tracked his commentary only occasionally in recent years. Robert Prechter is president of Elliott Wave International and has since 1979 been publishing the Elliott Wave Theorist. He is the author of multiple books related to the Elliott wave principle. The table below presents highlights from his commentary and shows the performance of the S&P 500 index over the 21, 63, 126 and 254 trading days after the publication date for each item. Red plus (minus) signs to the right of specific items indicate those that the market has subsequently proven right (wrong). We conclude that:

As indicated by the name of his company and his newsletter, Robert Prechter relies essentially on Elliott wave analysis to forecast stock market behavior. He has been very negative on stocks for the entire sample period, generally taking a very long-term view. Based on our judgment, Robert Prechter's accuracy rate is about 31%, which is very poor. However, especially because of his very long forecasting horizon, the sample is much too small for reliable inference. In fact, Mr. Prechter's reported forecasting horizon is so long that testing multiple independent forecasts within his or any evaluator's lifetime is problematic.

Here are additional notes to augment the tabular summary:

From Nark Hulbert in MarketWatch (11/25/09): "...Prechter's advice over the last couple of years has been top-rated. ...On the other hand, ...the newsletter's timing advice for traders is in last place for performance over the last 20 years among all stock market timing strategies tracked by the Hulbert Financial Digest."

From Peter Brimelow in MarketWatch (3/4/09): "...the Elliott Wave Financial Forecaster...is currently actually ahead over the past 10 years by Hulbert Financial Digest count, up 1.49% annualized, vs. negative 1.84% annualized for the dividend-reinvested Dow Jones Wilshire 5000. Over the past 12 months through February, EWFF is up some 24% by Hulbert Financial Digest count, vs. negative 46% for the dividend-reinvested Dow Jones Wilshire 5000. Over the year to date, EWFF is up 4.6% vs. negative 21.71% for the total-return DJW."

From Peter Brimelow in MarketWatch (10/20/05): "...the EWFF's [Elliot Wave Financial Forecast] trader's portfolio has endured a staggering annualized loss of 18.1% over the 20 years through September. (EWFF split off in 1999 from Prechter's Elliott Wave Theorist, which no longer offers specific portfolio advice. But the two seem to work in tandem.) EWFF's advice for investors, however, currently matches the dividend-reinvested Dow Jones Wilshire 5000 on a risk-adjusted basis and has quite often exceeded it."

From Peter Brimelow in MarketWatch (1/12/04): "...by Hulbert Financial Digest count, the stock market timing of Elliot Wave Financial Forecast (which HFD treats as the successor to Elliott Wave Theorist after the latter stopped giving portfolio advice) has outperformed the Wilshire 5000 on a risk-adjusted basis over the entire period since July 1980. Over the past five years, it gained 3.5 percent on average annually, vs. 1.8 percent for the Wilshire 5000. This, however, was the Prechter people's investors portfolio, which switches between the stock market and cash. The traders portfolio actually goes short, with the result that it has an annualized loss of close to 20 percent since 1985, when buying and holding produced an annualized gain of more than 12 percent."

From Peter Brimelow in MarketWatch (6/30/03): "Prechter has been out of the stock market since before -- note carefully, before -- the 1987 Crash. Naturally, this has hurt but has also served him well in the bear market of the past three years. Indeed, because of that high cash component, Prechter has recently been ahead of the Wilshire 5000 on a risk-adjusted basis over the 23 years that the HFD has been following him."

From Peter Brimelow in MarketWatch (4/26/02): "Exactly how much Elliot Wave forecast fans lost depends on whether they actually went short the market when Prechter turned bearish. In that case, they are in a deep hole: down 99.2 percent over the last 15 years. In contrast, the stock market yielded a 398.6 percent dividend-reinvested gain. But if Prechter's followers merely went into cash in the wake of Prechter's bearishness, they would have gained 135.2 percent over those same 15 years."

In their October 2003 paper entitled "Idealized Elliott Waves and Random Walk Tests", Robert Prechter and Deepak Goel find that stock market movements are more like idealized Elliott waves than random fluctuations. However, the paper does not address whether these test results support any systematic stock market timing approach.

In summary, Robert Prechter has been mostly unsuccessful in applying the Elliott wave principle to time the U.S. stock market since 2002.

Nov 27, 2009 4:13 pm
 

Nov 27, 2009 4:14 pm

In summary, Robert Prechter has been mostly unsuccessful in applying the Elliott wave principle to time the U.S. stock market since 1985.

he is a con man.  he sucks
Nov 27, 2009 5:02 pm

[quote=Shania Twain]

In summary, Robert Prechter has been mostly unsuccessful in applying the Elliott wave principle to time the U.S. stock market since 1985.

he is a con man.  he sucks [/quote]   I don't follow him closely enough to rebut everything you have put up here, but there are inconsistencies. That chart combines long-term with short-term forecasts and with this guy that won't work. I won't cop to him sucking, but I will say that he does contradict himself sometines.( as does everyone ) His short and long-term forecasts do not match. We must agree to disagree here. I am a bull and do not believe in what he says, however guys that play markets as long as prechter, russell, rayas,etc. and live to talk about it are not stupid and sure as hell don't suck.
Nov 27, 2009 5:45 pm

take a trial subscrip on cabot.



they are the best.