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On Laszlo Birinyi's 2,800+ S&P Prediction By September 4, 2013
Kermit was earlier on CNBC, killing microphones with 20,000Hz+ chirping, delivering a presentation on the merits of using rulers as a market extrapolation tool. And in case anyone is not convinced to whip our their own (ruler) and see just how the S&P is expected to hit 2,854 or some ballpark number by September 4, 2013 (precisely), here is how he got that number: you take the recent surge in the S&P driven by Bernanke's and the HFT's no volume melt up market levitation and apply a straight line to it. Any questions?
Which is not to say the Hungarian is wrong: after all by 2013 hyperinflation will be rampant (thank you Chairsatan Vissarionovich Jr) and market participants (read algos) will watch with horror as the Zimbabwe Stock Exchange acquires the only assets of the Deutsche Uber-Global Borse (their Mahwah collocation boxes naturally) for a few Bernanks (expiration date 72 hours after printing).
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Riches for everybody!!!!!1
on a spread trade at 50 bucks a pip, thats over $700k! should be enough to wallpaper my bedroom...
Wow, this Technical Analysis thing is easier than I thought...
+1!
This seems plausible.
So does my SI swimsuit cover shot.
Well, it doesn't affect me much either way. I've been long stocks since March of '09 so I can ride out any eventuality. Plus my Home Decor business is taking off like a rocket, so stocks are just extra retirement money.
Harry...lololololololol lololololololol
Bought at the exact bottom...riggghhhtttt.
Too funny
and you can fairly safely bet your life he'll sell at the exact top. he's one of "those" investors.
Wanqer, dedicated repetition of said italicized action can cause visual acuity to materially deteriorate. How can one be a purveyor of wall stencil kits if you have but one free hand, and the paint brush is a blur ?
I don't even read what you spew anymore. I just flag you for the pure fun of doing it.
What a total jackwagon!
WOW HARRY,
You are just too brilliant. "Ride out any eventuality" is the smartest thing I've heard since Bernakski's "There is little or no inflation." and Birinyi's comments today. Just hold on to everything and you are guaranteed to stay on top. Perfect....
I had a normal take for January in my business, that is if you consider normal for a month in 1985!! It's all the same 'cause there is no inflation. I'm doing so well I think I'll sell my business for a quatrillion dollars before the economy takes a breather.
So which ones did you buy then?
Can we get a pre-release peak at it ?
Laz has been a heck of alot more accurate than Dancing Dave the Bear Rosenberg
but the real issue is the form/opportunity the impending crisis will take and when it will hit - To TD's and for that matter Faber's point equities are but one store of value for a collapsing currency
.... to infinity and beyond.....
The Buzz Lightyear analytical method. I fear its a Wild E. Coyote moment... still running on thin air and after, and only, when you realize there is nothing supporting you - do you plumment ... and puff... you create a little cloud of dust when you meet earth.
Hamy, when i first saw this chart straight away i thought, 'Did Hamy draw this?'
Wouldn't a hyperinflationary environment make that estimate plausible ?
Exactly my thought. We talk of hyperinflation on ZH and then assume the market won't track with it.
the market can track with inflation...hyperinflation is another matter all together. At that point most people will have lost almost all purchasing power...and by extension...corporations will have lost most customers....sales, revenues and profits will plummet.
but then again...in this market...sure...I can see that a s a scenario for stocks to go parabolic.
Fair enough. Thanks for your reasoning.
Give Laszlo yardstick.
If the S&P doubles, and the dollar is cut in half, and I pay taxes on gains.... I'll be rich.
...sigh...
Vector math for retards.
S&P = gold spot.
What a fucking douchebag.
He read your gold plot
Next he will show that inertia will dictate the markets move higher because things in motion tend to stay in motion
Right you are. They tend to stay in motion UNLESS ACTED UPON BY AN OUTSIDE SOURCE. How's about GRAVITY AND FRICTION (in our case RESISTANCE) !!!
This does seem realistic at this rate. Since corrections dont seem to ever occur anymore and we just go higher and higher on lower and lower volume, its conceivable that we may get there without another correction.
Once QE6 is announced the prediction may be understated.
that projection seems a bit gappy for my taste... but, shit, i mean, a new technical indicator to add to the all ready crowded toolkit... now known as the "Hung Laszlo".
this is what happens when puppeteers don't have good quality of reliable algorithm for CONTROLLABLE DOWNWARDING of markets.
Going up without volume was easy but controlling diving ... hmmmm - not so easy.
Think that ZH could post and advert or public tender for software programmers to help powerz and get really rich!
I think I need a longer ruler or need to use smaller graphs - thats why I have been getting it wrong all this time
Thats dependent on the S&P 500 still operating in 2013.. :-)
They let people say any old crap on CNBC these days. I wouldn't be suprised to see my Grandma on there next week telling people to buy Netflix because her cat said so.
When you live in a world where stocks like FDX and DF can warn on earnings and zoom higher, then predictions like this seem extremely plausible.
The strange thing is that throughout history, whenever people have been this complacent, bad things have happened. I can't think of anything at this point that would be perceived as "bad" by this market.
GC price action does not agree with any sort of hyper inflation scenario. New highs or bust...until then I do not agree.
Tops aren't broadcasted...or are they?
I think he's calling one now.
The extrapolation above as an analysis is absurd.....but so is the anti-gravity market at this point. If inflation does go hyperbolic the FED's reaction will certainly dampen the market by the application of required tightening.......no???
TYLER---
Usually I choose to attack you on substantive reasons---maybe for the first time ever you disappoint in the entertainment/Vaudevillian department, you tease us with the Kermit reference and no video/audio of Birinyi?!?!?!?!?! It's a sad moment for ZeroHedge...I'm getting verklempt Mike Myers style now........
Coming shortly
There I fixed it for you. And don't make that mistake again, they'll have your head on a pike.
"Coming shortly sir."
No. Coming shortly, sir, yes sir.
Thanks Tyler---5 stars for customer service.
+1000
One needs to listen to Laszlo in Dolby NR mode, else the tympanum will throw a fit.
S&P 2,800...yet another Mad Hungarian ( in deference to the great Al Hrabosky ).
Hungarians know something about hyperinflation. Hungary had the worst hyperinflation in history.
http://en.wikipedia.org/wiki/Hyperinflation
Hungary 1945-1946
Hungary went through the worst inflation ever recorded between the end of 1945 and July 1946. In 1944, the highest denomination was 1,000 peng?. By the end of 1945, it was 10,000,000 peng?. The highest denomination in mid-1946 was 100,000,000,000,000,000,000 peng?. .......
..... When the peng? was replaced in August 1946 by the forint, the total value of all Hungarian banknotes in circulation amounted to one tenth of one US cent.
Be interesting to find out if the Hungarians got their central bank before or after this episode.
ORI
y = mx + b(itchez!)
+1 = m
... and everything is in positive correlation with absolutely everything else!
God at work in His playground. The universe is a model of synchronous perfection. And so long as my options vest on schedule I too am a believer.
birinyi. Thought of biryani when I read his name. Indian rice dish for those un-familiar.
And this work/call of his.... can he gets paid serious money.
I heard an interview with a wise old black woman on KPFA, Berkeley one day and she said "You can tel the state of a country by two things: Who they pay the most and where they keep their Elders".
The money side of the equation is a sad testament to America/world currently eh?
Wall Street and Sports and Media.
Go figure.
ORI
http://aadivaahan.wordpress.com/2011/02/16/truth-about-america-truth-about-us/
I get better results using the rounded side of a protractor.
"Kermit was earlier on CNBC, killing microphones with 20,000Hz+ chirping, delivering a presentation on the merits of using rulers as a market extrapolation tool"
Fucking epic. LOL!!!!!!!!!!!!
While Dave Rosenberg was announcing the suckers rally Laz was calling the bottom
both were wrong but if one put their $ in Laz's boat and one with Dave the Bear who would be further ahead?
And with respect mocking the guys voice is like Yves Smith taking shots at Zero Hedge for that little issue back in the day - bad form all around
Laszlo Birinyi: S&P 750's the Bottom - Barron's InterviewJanuary 04, 2009
http://seekingalpha.com/article/113129-laszlo-birinyi-s-p-750-s-the-bott...
Birinyi is a simpleton and cannot even use his tools correctly. Employing his same data set I calculated that S&P would be only 2,723 by September 4, 2013! He should return to making book down at the race tracks if he cannot do any better than this!
.
If Watson, feeling like a Bad Ass, keeps buying this market - El B. might be right.
Companies, continuing with layoffs and buybacks, surely will help too.
Apple should buy all but 25 shares, MONSTER bonus with a 13.5 Billion dollar shareprice!! No-brainer..
SPX
Caw...caw... Black Crows!
http://www.zerohedge.com/forum/99er-charts-0
This Hungarian idiot doesnt even use logarithmic charts. If hes going to use crayons and rulers to predict stock market movements at least use the correct scale for long term charts. I get S+P 3,800 , give or take , using the Full-Retard method and the right scaling chart.
Hey, I remember this chart from Aerospace Engineering courses. This is what the trajectory of Apollo 2013 looked like just before the fuel cells blew out. As you recall, it did a spin around the moon and ended up back where it started.
If all you know-it-all commenters heaping scorn on Birinyi are so effing smart, how come not one of you is talking about your own predictions? It's a rhetorical question; the answer is because you're a bunch of losers who predicted the S&P down to 400 and missed the greatest stock rally in memory.
I still stand by my prediction that at some point during his presidency Obama will say, "It's not my fault!"
(1947) gian carlo menotti
The sun is falling and it lies in blood
The moon is weaving bandages of gold
Old black swan where oh where is my lover now
Torn and tattered is my bridal gown and my lamp is lost
With silver needles and with silver threads
The stars stitch a route for the dying sun
Old black swan where oh where is my lover now
I had given him a kiss and a golden ring
And a golden ring
I had given him a kiss of fire and a golden ring
Oh with silver needles and with silver threads
The stars stitch a route for the dying sun
Black wing o black wing take me down with you
Take me down with you take me down with you
Take me down with you
Old black swan take me down with you
I had given him a kiss of fire
Take me down with you
He could have drawn a similar line in 2000 and 2007....how did that work out?
Whos the faggot that junked every single post?
Show your face faggot...
Isn't this the guy who invented the Biro?
Martin Armstrong says stocks are going to boom too. I find it hard to believe but I respect what he has to say. www.martinarmstrong.org
Anybody have any comments on Armstrong?
I do not agree...
http://bit.ly/jC0Sau
http://bit.ly/j79lD5