OE2008 wrote:An e-wave practitioner, whom I have followed over the years, has been calling the top since SPX hit 956. All in, he had called 4 tops over the past 4 months since Jun 09. Yesterday, he called a top again, this time at SPX 1101. His past track records have been mixed and he tends to have a bearish bias. Without doubt he has a huge ego to go alongside with the conviction of his calls. With stringent money management and battled worn cut loss mentality, he is likely to remain solvent longer than the market can stay irrational.
Main stream e-wavers, including EWI, have been awaiting the start of Primary wave 3 which is devastating if it were to come about. Just imagine, Primary wave 1 was from SPX 1576 to 667. In the meantime, many are frustrated and stressed and some have raised doubts on the validity of this long term count.
LenaHuat wrote:In the future, the US consumer will be (from the Rand Orgn):-
In the order of descending numbers, the Latinos will consist of Mexicans, Puerto Ricans, Cubans, others.
NAPLES, Fla., Nov 2 (Reuters) - White House economic adviser Paul Volcker said his meeting on Monday with President Barack Obama focused in part on reducing U.S. economic reliance on consumer spending.
The alternatives to help bolster future economic growth include boosting exports, applying innovative technology to green issues and improving the nation's infrastructure, Volcker said.
The former Federal Reserve chairman, who now heads the White House Economic Recovery Advisory Board, said Obama understands that "We cannot have so much consumption."
Consumer spending accounted for 70 percent of the U.S. economy before last year's economic meltdown, a level that Volcker said was sustained only by "the magic of financial engineering."
"We cannot rebuild the economy to the tune of 70 percent consumption or housing booms. It will just break down again," Volcker said.
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