06.30.08 Bookmarking Some Articles

Ran across some fascinating articles over the weekend that I want to bookmark here for future reference. They are bearish in nature. I admit that is an easier argument for me to buy into. These are definitely opinions that you will not be hearing much from in the MSM or on your favorite financial tv channel. But you should.
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...The first is actually a blog named The Market Ticker, by Karl Denninger. I had never heard of this blog or Mr. Denninger until this weekend, but this article posted 6/29 on his blog is compelling. If you think the worst is over in the markets, please do yourself a favor and read this article. He has a lot to say about oil, the Fed, bonds, housing, all of it looks well reasoned to me. He also details his six month scorecard from his beginning of the year predictions, and that is impressive as well. I also found it interesting that Mr. Denninger is not a gold bug as so many other bears are. In fact, he expects the metals to get pounded. I agree.
...Mr. Denninger also notes that a third major financial institution, all outside of the U.S., not coincidentally, has warned of an impending stock market crash. His conclusion? The credit crunch is not over; it is not contained; and it cannot be contained!
...And talk about disclaimers. I followed a link to a forum on his site. It is blunt, brutal, honest, not for the faint of heart or for those with delicate dispositions. But it is good advice for traders. Don't read if you are offended by strong language.
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...The second is an article with the stark headline 'Stock Market Crash Alert'. This article is posted on the Spirit of Truth website. This article is extremely detailed. There is a lot of outstanding technical data presented from several viewpoints, including Dow Theory and Elliott Wave, along with other indicators. I'm bookmarking the article for further study because the detail and data presented are so compelling. I'm reserving judgment on the website as a whole until I can check them out further. I'm not sure what spirit they are talking about at this point. They quote the Bible on the site, but also seem to be into astrology at the same time. I am not sure what to make of the site at this point. But that article is outstanding and a must read, imo.
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I consider, at this point, both of these articles to be important. They both present an almost overwhelming amount of data points that I am still digesting. They also are a nice contrast to the cheerleaders on tv who are always trying to figure out what we should be buying now, as opposed to ever asking the question, should we be buying anything at all? Much of their analysis seems to be cheerleading on the one hand, and ridicule and namecalling of bears on the other hand. But one should remember that they are working for multinational corporations and that their shows are sponsored by other multinationals and big houses. They are only doing their job, same as many other salespeople.
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