This page has been archived and commenting is disabled.
Flashback To Mark Haines Commemorating 1987... As Stocks Plunge Most In 4 Months
On a day full of memories (and a market which is down the most in 4 months), we thought (courtesy of Doug Kass) the irreplacable Mark Haines view of the 1987 crash from 2007 (just a few days after what would be the market's absolute top) was worthy of remembrance. What is perhaps most notable in the discussion is Elaine Garzarelli's 'nailed-it' indicator-based call of the top in 1987 and subsequent total 'absolutely bullish' miss in 2007 - as central bank intervention had already removed any 'indicator-based' value from market participants' toolkits and business cycle comprehension. We wonder what Haines would have made of QEtc. and today's exuberant irrationality. Must-watch to 'check' some exuberance at the door.
and here is Garzarelli in January of 2012 - looking for Dow 15k... watch it - and see if any of it rings a bell?
- 17779 reads
- Printer-friendly version
- Send to friend
- advertisements -


Sit back and enjoy some country.
http://www.youtube.com/watch?v=OhEHB0a7Uyg&feature=related
http://www.youtube.com/watch?v=eR4KcO_MovE&feature=related
The helmet of country himself, Conway Twitty
http://www.youtube.com/watch?v=wmimLBSTEUw
Stompin Tom...minus the NHL
I like old (read real) country better. ;)
https://www.youtube.com/watch?v=sAUTfkk2zp0
holy fucking shit how does this woman afford to feed herself? this fucking farce of farces! the sheeple must be slaughtered out of their grazing stupor!
The sheer volume of retardation coming out of her mouth is appalling. "The market's focusing on domestic economy these days... yadda yadda"
WTF!
She looks like the Joker. Way too much plastic.
Me, I grow old gracefully.
No I don't, I grow old kicking and screaming but I still grow old just as fast.
and happy with it...
LOL- still living on her one good call, 25 yrs later......
ALL of us saw it, Elaine- you just didn't have any real money on the line back then....
Here is PBS's Nightly Business Report Broadcast from the night of October 19, 1987. The sponsors of the show were Kidder, Peabody and Digital Equipment Corp., which just goes to show how transitory some public companies can and will be. Neil Cavuto was actually reporting, not spinning. Note the Federal Reserve Vice-Chairman stepping in to try to "calm" the markets. History definitely rhymes.
http://www.youtube.com/watch?v=4pjSlIkNxXg 1st ten minutes
http://www.youtube.com/watch?v=T-aFfkB4xv4 2nd ten minutes
http://www.youtube.com/watch?v=6e7qn2n4qLg Final ten minutes
Well, she said buy TNA back in January and it went from 45 to a 70 top!
Is she half goat, half human? Her face looks like the back of a goat!
Last time I saw a mouth like that it had a hook in it,
Does this woman have the same makeup artist as The Joker?
"I'm only smiling on the outside..."
That is the first thing that came to my mind!
http://images1.wikia.nocookie.net/__cb20120815195702/batman/images/7/79/Heath_ledger_joker.jpg
Me too.
Jack Nicholson's version.
Too funny.
https://www.google.com/search?q=jack+nicholson+joker&hl=en&prmd=imvnso&tbm=isch&tbo=u&source=univ&sa=X&ei=C4aBUImoFoiU2wW2qYG4BQ&ved=0CBwQsAQ&biw=1440&bih=809
She's been using Smiley
I believe based on my recollection... it was Smilex. :)
I knew she looked familiar!
That's not make-up, dude. That's the way her face is shaped. Hope shie didn't pay for that. Ugh.
She's just hawkin' for business.
William Banzai has moved to video.
I would suspect it's the result of cosmetic surgery gone wrong, with multiple re-tries to fix the botched cheeck enhancements.
Is that the Joker?
with one sweeeeeet-ass fro.
Shit that reminds me..I have some letters to post
Mark Haines isn't really dead. It's a conspiracy.
Being held hostage in the basement of a three-story tenement in Paducah, Kentucky, the town he dog-mouthed continually lo those many years...
suicide is painless.
Elaine "Wait till they get a load of me" Gazzerili. Always smiles and always bullish
Erin Burnett.....YUM!
Former Lehman Brothers partner and managing director?
Oh yah, she would be the first I'd turn to for market advice.............NOT.
Mark Haines... A man's man. You are missed.
Mark Haines was pretty cool but he used to try to make Schiff look like a nut job.
More proof that if you're a complete incompetent idiot and trown enough darts at the board, you might hit the bulls eye once, like Garzarelli in 1987.
L M A O !!!
BULLISH!!! No sarc. Genuinely bullish!! BTFD!! Bernanke PUT will 100% money-back gauranteed save the day. That is until hyperinflation kicks in, which we are a looong way from. So double, even triple down and BTFD !!
BULLISH!!! No sarc. Genuinely bullish!! BTFD!! Bernanke PUT will 100% money-back gauranteed save the day. That is until hyperinflation kicks in, which we are a looong way from. So double, even triple down and BTFD !!
it's called "buy low sell high" for a reason....not "buy high sell higher." i would say Chairman Bernanke's "Beggar thy Neighbor" is causi bellum...but for whom...but for whom. Clearly "the panic trade" has been treasuries...and we are told...here no less...to "buy, buy, buy." eh, maybe. spending does seem a tad on the high side, no? and well, that is pretty significant borrowing too. interestingly "all without inflation." clearly no one can be surprised by the social unrest! and the idea that money center banks is the place to be...well, that's quite a run they've had i must say. but isn't the lesson of 2008 "know thy borrower"??? no? how about "know they collateral" then? "oh, that's real estate and that only goes up"? "especially after it goes down that one and only time"? how long have i been saying that these ultra low interest rates represent DEFAULT risk? going on over a year now? But "for a REAL BIG SPENDER" yes, yes? i mean "they've already cleaned out all the lemonade stands" in our economy. I did take note "they're auctioning new cars in e-bay"...something i've been waiting for a some time now. Now LET'S TALK TAXES SHALL WE....
What false afternoon rumor is on the books to drive the market higher into close?
She looks drunk
Gypsies are so fun to listen to.
What is she on? I'd like to get some.
B cups
Jesus, what a waste of oxygen.
Sell side buffoonery squared.
she went from 14 indicators down to 12 indicators...............i guess she got rid of the 2 that caused her miss in 2007 !
They had a down day in Zimbabwe a couple times.
Interesting that she is now looking at 12 indicators, down from 14 back in 2007. Maybe she will get it right when her model has 0 indicators.
Edit - didn't see your comment Seasmoke.
That Woman is nukking futs I cannot believe she would be recommending financials......well yes I can believe she's recommended financials she's a Lehman Brothers clown. Maybe she should get a room with Abby Joseph and Dick Bove For a little three-way.
Do you have to use that word, "clown," seriously?
Your words are so hurtful, doc.
You are correct. To all of you clowns out there I sincerely apologize.
Remember that article posted sometime within the past week, in which one of the Tyler's noted the last time investor sentiment was so bullish, back in December 2008, and how the S&P proceeded to plunge 22% over the course of the next 11 trading days?
Well, let's see - there are precisely 11 trading days remaining until the eve of the 2012 General Election. So, applying the same 22% drop to our latest S&P high of 1470-ish, gives us an S&P of 1150-ish by EOD Friday, 11/2/2012.
It also would give us President Mitt Romney and Vice-President Paul Ryan, and likely an all-Republican Congress, to boot.
Doesn't that sound like the script that is being played out?
Housing has bottomed and she argues this is because of statistics they look at that have turned up in the LAST THREE WEEKS? Apparently, 3 weeks is all it takes to make a long term secular bull trend.
Best line in the interview:
"We worked together at Lehman Brothers" (that says it all)
If you look at her body language, she likely has Apsergers... and is likely brilliant. Looks and her communication style are deceiving.
The poor thing has had too much plastic surgery. She has looked like this for years on the Nightly Business Report. That is the takeaway. Say no to plastic surgery, and stocks!
That's some bad plastic surgery...what's with women looking like their cat?
she looked like the joker in a few of those shots - probably around the time she mentioned subprime
what's the symbol for the inverse Garzarelli ETF?
Google, Microsoft, Intel, HP all disappointing, Apple to come?
"Financials also look good, Dick Bove was on earlier, we worked together at Lehman Brothers"
LMAO, can't imagine why Lehman Brothers imploded and brought the world to its knees.
The real question is why does Fox have these fools on?
she actually made a good call
true, if you sell now
notice now oil up to 135 a barral is a problem in 2007 it was 120 shes a clown that guessed right once
There it is again, "clown!"
See what you've wrought, doc? You should be ashamed!
i miss erin
You can tell the host have a hard time looking at her.
I have a hard time listening to someone if they can't look at themself in the mirror.
Oh, and by the way. Doesn't it feel strangely like a David Lynch theatric. About as awkward as Henry's girlfriend's mother trying to kiss him. Damn, I need a shower.
wouldnt u have a hard time looking at a plastic version of the JOKER with breast
Just a rumor....all Mormons will engage in a massive short selling exercise on the election eve driving the markets into a free fall....
Moocopia
Can you say Iguazu or Niagara.......?
Than you GOOG and GE for bringing people to their senses!!!
This woman has a big big family.... All saying the same stupid thing. Worse than second hand car sales people. Hang them.
Meredith Whitney is going to look like this in 25 years.
.
2007: Aw isn't the market bubbly? It is all going to be just fantastic!
2012: Aw isn't the market bubbly? It is all going to be just fantastic!
Warning: Fiscal cliff dead ahead and not to mention stupdity off the rails. Here we go.. baby... my prediction next major low Nov 22. Last few years it seems to bottom Nov 22. And I'd bet 10 whole Federal Reserve Notes that congress will not, I repeat WILL NOT be able to compromise to avoid the fiscal cliff.
Any takers?
(lamest congress in the history of congress) hell, I'm stilll hoping on 12/21/2012 rotating [sic changing] the earth so I'm on the edge of the equator on 12/22/2012. Because if that happens, hello paradise babee. Winner winner chicken dinner!
X_x
Investors that followed the Dow theory scaped almost unscathed the crash.
Good to remember this. The proof of the cake is in the eating.
Figures, not talk:
http://bit.ly/WxeDdT
The Evil Face. So I think we have a scheme here according to the plastic surgery the market is going to collapse. And she didn't change her methods since 1987 what a shame for an expert. Please go back to school just on the right of your clinic.
DOW 15K!!!! HERE WE COME>>>>BUYING OPPORTUNITY TODAY>>>>>BUYBUYBUYBUYBUYBUBYBYYBYBYBYBYBYEBYEBYEBYEBYE>>>>>>!
It's sad to watch the bulls of the 80s and 90s continuing to push tired themes that no longer work. The stock market entered a secular bear market in 2000 and has not left it, not yet, anyway. Do we have to keep listening to the likes of Brian Wesbury, Jeremy Siegel, Abby Joseph Cohen, et al.? Even Cramer understands that the Boomers' great bull market is over and you have to be more selective and learn to get out as quickly as you get in.
These prognosticators keep trying to use the classic market indicators, mainly from the fixed-income markets. But precisely these markets are wildly distorted by years of open-ended central bank intervention. Better to look at commodities or FX, which are better free-floating indicators of what's going on. Not until central banks start losing control, or give up manipulation, of fixed-income markets will we have true "mark-to-market" indicators return to tell us what's happening.