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Graham Summers Weekly Market Forecast (the End Game Approaches Edition)

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Tue, 07/19/2011 - 01:19 | 1469261 Lucius Corneliu...
Lucius Cornelius Sulla's picture

October is going to be interesting.

Mon, 07/18/2011 - 21:58 | 1468815 r101958
r101958's picture

Right. Whenever the desire to purchase our treasuries starts to wither our ratings houses execute a shock and awe downgrade campaign on the the Eurozone. All the while keeping our debt rated AAA.....and we are shocked that there is a now a crisis with the Euro?

Mon, 07/18/2011 - 21:45 | 1468771 Eireann go Brach
Eireann go Brach's picture

Would Obama count as a "Black Swan"?

Mon, 07/18/2011 - 21:02 | 1468659 chump666
chump666's picture

Once you can swing like Summers then you can talk sh*t.

Taleb called Sept 11 a black Swan post event.  Point is Black Swans are ambiguous, but potential events.  If you trade in the markets you wanna look at these events.  Summer is watching China, and I would too, with a bond market flop and a liquidity crisis pending.  It amazes me that China hasn't been factored in as a massive black Swan event (anytime soon)...just hard to time.

Nothing is predicatble.  Summers hedges on 'events'.

Mon, 07/18/2011 - 20:44 | 1468594 Sambo
Sambo's picture

You have misunderstood the meaning of black swan.

A predictable event cannot by definition be a black swan.

What was once a black swan has become white...keynesian economics is a failure and we have known that for a long time. No black swan there.

Mon, 07/18/2011 - 19:50 | 1468439 IQ 145
IQ 145's picture

  I actually laughed out loud when I looked at the charts. There's no way this dude is going to survive as a trader.

Mon, 07/18/2011 - 19:49 | 1468433 IQ 145
IQ 145's picture

 A dreadful example of a newsletter; and that's a field where there's really stiff competition for "worst".

Mon, 07/18/2011 - 17:31 | 1468055 aaronb17
aaronb17's picture

Yeah, I remember the last time you said the collapse was coming -- right before the huge fall 2010 rally, remember?   See here: 

http://www.zerohedge.com/article/it-just-me-or-2010-feeling-lot-2008

Of course this time you might be right ... but it'll be luck, not skill.  If you're always screaming for a crash, you will of course be right once in a while.  And those who haven't gone broke following your advice all the times you were wrong will be grateful. 

Mon, 07/18/2011 - 17:25 | 1468032 problemfixr
problemfixr's picture

Let's see if I can do a Graham Summers Cliff Notes:  Shit is bad, it's real bad now and it's going to get worse.  I mean really, really bad.  Download my report.  Did I miss anything?

Mon, 07/18/2011 - 22:19 | 1468881 Ying-Yang
Ying-Yang's picture

and it's FREE

Mon, 07/18/2011 - 18:03 | 1468049 JohnG
JohnG's picture

Other than he needs you to work on his keyboard, no.

Mon, 07/18/2011 - 15:58 | 1467730 JuicedGamma
JuicedGamma's picture

"there’s no shortage of Black Swans to hit either"

Dang it, by definition you cannot predict a black swan, obviously you've missed the gist of Taleb's swans.

Tue, 07/19/2011 - 01:21 | 1469266 Lucius Corneliu...
Lucius Cornelius Sulla's picture

They arrive in flocks.

Mon, 07/18/2011 - 21:30 | 1468732 trav7777
trav7777's picture

the real question is whether that giant H&S confirms...I had a friend wanting to short the start of the right shoulder and I said wait till 1350+.  Either this thing should break down past the neckline hard or rally like fuck off of it a la that big July H&S

Mon, 07/18/2011 - 17:35 | 1468070 Buck Johnson
Buck Johnson's picture

You're correct, but also wrong.  By definition you can't predict it, but you can observe it moving through the financial system like a great white shark just under the ocean surface.  You don't know what it is, but it's just out of sight and waiting to strike. 

Mon, 07/18/2011 - 21:08 | 1468675 New_Meat
New_Meat's picture

wow-4x b striking.

Mon, 07/18/2011 - 18:05 | 1468152 JohnG
JohnG's picture

I see what you did there, repeating yourself like Summers.

Mon, 07/18/2011 - 17:31 | 1468059 Buck Johnson
Buck Johnson's picture

You're correct, but also wrong.  By definition you can't predict it, but you can observe it moving through the financial system like a great white shark just under the ocean surface.  You don't know what it is, but it's just out of sight and waiting to strike. 

Mon, 07/18/2011 - 17:31 | 1468052 Buck Johnson
Buck Johnson's picture

You're correct, but also wrong.  By definition you can't predict it, but you can observe it moving through the financial system like a great white shark just under the ocean surface.  You don't know what it is, but it's just out of sight and waiting to strike. 

Mon, 07/18/2011 - 17:30 | 1468044 Buck Johnson
Buck Johnson's picture

You're correct, but also wrong.  By definition you can't predict it, but you can observe it moving through the financial system like a great white shark just under the ocean surface.  You don't know what it is, but it's just out of sight and waiting to strike. 

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