Remember Reinhardt? He's predicting something BIG for March 15...

[Dforkus]

Either you're being purposely obtuse or you haven't paid enough attention to reinhardt's predictions or this thread to even begin to comment

Or possibly you are being incredibly charitable about Mr Reignhardt's predictive capacity.. Today was a rough day, but hardly an apocalypse does it make..10 year yeilds under 4 percent are, historically speaking, rather sedate...

Nor does commenting about structural issues with the economy and the overall headwinds to continued growth make one a prophet, nor make one a profit!

Nor does predicting a weak-dollar for the foreseeable future going to win anyone a nobel prize....

This whole thing reminds me of the history of the Jehova's Witnessess...
The world will end in 1844!
No in 1912...
No after the generation of 1912...
The world is getting worse and will end someday...

Wrongess, leads to more predictions, progressively more vague and inherently incontrovertable...

 

[devil21]

Or possibly you are being incredibly charitable about Mr Reignhardt's predictive capacity.. Today was a rough day, but hardly an apocalypse does it make..

This whole thing reminds me of the history of the Jehova's Witnessess...
The world will end in 1844!
No in 1912...
No after the generation of 1912...
The world is going to end... sooon...

So you deny that his May 11 prediction of the start of a market downswing was correct?

 

[tmosley]

Or possibly you are being incredibly charitable about Mr Reignhardt's predictive capacity.. Today was a rough day, but hardly an apocalypse does it make..10 year yeilds under 4 percent are, historically speaking, rather sedate...

Nor does commenting about structural issues with the economy and the overall headwinds to continued growth make one a prophet, nor make one a profit!

Nor does predicting a weak-dollar for the foreseeable future going to win anyone a nobel prize....

This whole thing reminds me of the history of the Jehova's Witnessess...
The world will end in 1844!
No in 1912...
No after the generation of 1912...
The world is getting worse and will end someday...

Wrongess, leads to more predictions, progressively more vague and inherently incontrovertable...

No-one who believed them ever made any money off of those predictions. I made several thousand $ off of following Reinhardt just once, and found that I would have made a great deal more money had I followed his timing exactly on this latest date, rather than buy a few days beforehand (still down 7 % versus being up 25% had I bought that day).

 

[Dforkus]

So you deny that his May 11 prediction of the start of a market downswing was correct?

Yes...

The market has been downsizing since march of last year....

and even looking in the extremely short term (which is navel gazing at its absolute worst) the week of may 11 was a relatively good one...

 

[devil21]

Yes...

The market has been downsizing since march of last year....

and even looking in the extremely short term (which is navel gazing at its absolute worst) the week of may 11 was a relatively good one...

The market was down over 300 last week. Explain how it was a relatively good one please.

 

[tmosley]

Yes...

The market has been downsizing since march of last year....

and even looking in the extremely short term (which is navel gazing at its absolute worst) the week of may 11 was a relatively good one...

First down week since the rally began.

Don't forget he called the date of the September downturn months ahead of time.

Every unredacted date has proven to be a turning point, either a local minimum or a local maximum. At least, every one that I have seen.

Also, I used his prediction to make money once, and I would have made money twice had I followed what he said exactly (I may yet make money on that trade).

 

[Dforkus]

The market was down over 300 last week. Explain how it was a relatively good one please.

????

I see that on may 11 the S and P 500 closed at 909, and on May 18, the S and P 500 closed at 909.... and here we sit on may 23 and the SandP is at 888, down, sure but not remarkably so, and given the prior months runup was over 20%, not unanticipated...

You Explain how that makes may 11 some overarching watershed date that proves that some prophecy has come true, please....

This IS like arguing with a jehova's witness, well fine, if that is the case, and his prophecies are just so damn accurate, tell me what is coming next, I want dates, specifics, things I can hold you to...

 

[stag15]

Dorkfus,

The Dow was 8574 on May 11, today it is 8292. Since May 11, it has failed to make a new high.

 

[Dforkus]

Dorkfus,

The Dow was 8574 on May 11, today it is 8292. Since May 11, it has failed to make a new high.

The dow hasn't made a new high in years...
You keep trying to frame arguments in this time-period that really don't belong there...

Does it appear that the March 6 rally begun to deflate? It does... does this make mr rheinhardt some kind of prophet? No it does not...

But regardless down 300 points in 2 weeks is hardly remarkable,

FYI, I prefer to look at the sandp 500 as it is a far broader index and much more indicative of the US equity market then the dow..

 

[tmosley]

The dow hasn't made a new high in years...
You keep trying to frame arguments in this time-period that really don't belong there...

Does it appear that the March 6 rally begun to deflate? It does... does this make mr rheinhardt some kind of prophet? No it does not...

But regardless down 300 points in 2 weeks is hardly remarkable,

FYI, I prefer to look at the sandp 500 as it is a far broader index and much more indicative of the US equity market then the dow..

Reinhardt doesn't magically make the markets go up or down. He predicts turn dates. The fact is he predicted the top of this recent rally to the day, and if you can't see that, then you're an idiot. The only way he is wrong is if it makes a new high.

 

[wgadget]

????

I see that on may 11 the S and P 500 closed at 909, and on May 18, the S and P 500 closed at 909.... and here we sit on may 23 and the SandP is at 888, down, sure but not remarkably so, and given the prior months runup was over 20%, not unanticipated...

You Explain how that makes may 11 some overarching watershed date that proves that some prophecy has come true, please....

This IS like arguing with a jehova's witness, well fine, if that is the case, and his prophecies are just so damn accurate, tell me what is coming next, I want dates, specifics, things I can hold you to...

Why are you talking about the S & P? The prediction is based on the DOW.

Details, details...

 

[wgadget]

Reinhardt doesn't magically make the markets go up or down. He predicts turn dates. The fact is he predicted the top of this recent rally to the day, and if you can't see that, then you're an idiot. The only way he is wrong is if it makes a new high.

Very well stated.

This dorkfus seems to be willfully ignorant.

 

[wgadget]

Looks like May 8 is still the high for the year...Click on 3m.

http://www.google.com/finance?q=INDEXDJX:.DJI,INDEXSP:.INX,INDEXNASDAQ:.IXIC

 

[stag15]

If you factor in that the dollar has lost about 8% since then, the Dow is actually down more in purchasing power.

 

[Zippyjuan]

At least he is modest. His latest post:

i don’t wants ta get no calluses pattin’ myself on the back..

but it think it is possible that i know economic history BETTER than anybody

(and i will take on ALL challengers;-)

And:

for the reinhardt haters out there..



May 22 - Close

*

Volume: 244.12M

-14.81 (-0.18%)

*

as j would say:

“Hah!”

(you really should hear it from her though)

Dow down 15 points is notable?

 

[stag15]

At least he is modest. His latest post:


And:

Dow down 15 points is notable?

Well, that will be the fourth down day in a row, and it was only very low volume. 15 points isn't a lot, but down days in a row are. With all this low volume, it only takes a large selling day to take the markets down big. Factor in that the dollar has lost like 3.7% since May 11, and the market is down even more.

 

[tmosley]

And:

Dow down 15 points is notable?

Predicting market swings weeks or months in advance is.

 

[Dforkus]

Reinhardt doesn't magically make the markets go up or down. He predicts turn dates. The fact is he predicted the top of this recent rally to the day, and if you can't see that, then you're an idiot. The only way he is wrong is if it makes a new high.

"Recent Rally" As long as we are picking dates and times out of thin air and attaching undue significance to them; then, I guess he's wrong, at least as of 2:00pm est on may 26..

Not that I'm a bull, far from it, but I bull-dink when I see it...

 

[devil21]

"Recent Rally" As long as we are picking dates and times out of thin air and attaching undue significance to them; then, I guess he's wrong, at least as of 2:00pm est on may 26..

Not that I'm a bull, far from it, but I bull-dink when I see it...

Even with today's bogus PPT rally (second straight week of a big monday jump based on nothing), the market is STILL off its high from reinhardt's turn date of May 11. You really should wait until the Dow is higher than it was May 8 before the trash talk.

 

[Dforkus]

You really should wait until the Dow is higher than it was May 8 before the trash talk

The S and P 500 already is... which is a far more representative slice of the market as a whole...