Reinhardt - is it time to re-evaluate his ability to make market calls??

I know this may create some controversy. However, let me just say what I am thinking and get it off my chest.

We all know the great call he made in September of '08.....it was off the charts.
Then he made a fairly accurate call in Feb '09. Even a couple of stock pics....MIC, MRGE to name a couple were good.

Since then, his calls are up for debate......honestly, since he started RJ and took peoples subscription money, he hasn't been all that accurate with the timing of any debasement.....because there haven't really been any....but he has called for them.

Just to be clear....I am a huge fan, subscriber, and believe the information available on RJ is going to be a profitable resource, not to mention i love reading RJ on a daily basis. I am not denying his ability to see potential boom cycles, etc.

My issue is with his market calls....they haven't been all that accurate. I don't think its been that easy to see when a debasement is coming, but lets just say I have been dissappointed by his calls to this point.

So, I think RJ subs should not try to make money on his market calls, but on his ability to see boom cycles before they start...which looks to be lined up nicely.....assuming we can see the bottom or something close to it.

no controversy zippy because you have stated your concerns in a proper way without resorting to abuse like some do..

i believe in sept 08, oct 08 and feb 09..oct09 and may09 were non events..i agree

have they changed the game on us?..maybe

r is still strong in his belief of legatus as the tipping point..i am prepared to see out the week and then make an assesment..saying that..its not the same as the 3 other succesful selections..and as you so rightly say..there is much more to be gleaned from r than just legatus debasement dates..good post mate

I'm not ready to give up on the theory. October '09 was Dubai World although it didn't hit the news until a few weeks later, but remember this graph on ec?

Nikki has shown strong Legatus connections to Dubai, including activities near the time of the crash.
And Feb '10 is clearly Greece.

At least that's my take. Not sure if R agrees.

Anyhow, R never claimed that L meetings lead necessarily to Dow crashes. And the organization has international reach so we shouldn't be surprised if the debasement sometimes happens overseas.

very good point..your find for dubai is very good..and yes it is greece this time

perhaps the theory is still right..but its being muzzled by the timed stimulus bailouts which always seem to occur at event time..i havent sold him out yet at all..this is a bullshit market inflated on nothing with companies producing PE's of 1:40/50..insane

Which market is that chart from??

EDIT: Got it, Dubai.

Makes sense, Dubai was definitely debased back then and Greece now.

So, he is right to some extent, it just doesn't affect the USA markets each time, like we would like.

Guess we have to be world investors rather than just US investors.

yeah there is definite a debasement of some sort each event but not always tied to the dow whcih makes sense really..i think we can say that with some confidence..the dubai debasment is blatant really

I believe we are living thru a period of history where unprecedented government interventions (stimulus and deleveraging) lead to unpredictable financial markets volatility. The last two years has indeed been a steep learning experience, even for my seasoned financial advisors. However, markets will eventually return to its "normal" behavior upon completion of the stimulus. I have no complaints thus far.....

good point re the bailouts ian..it is unprecedented

Here it comes....
Thursday, February 18, 2010
David Rosenberg: Primary Trend Is One Of Deflation
http://short-termtrading.blogspot.com/2010/02/david-rosenberg-primary-trend-is-one-of.html

- The rally was stopped dead in its tracks in mid-January after a 50% reversal of the October 2007-March 2009 bear phase. This in turn means a test of 912 in the S&P 500 is inevitable since a 50% retracement of the bear market is now likely to beget a 50% reversal of the bounce off last March’s lows.

Personally, I think the title should read "real estate deflation", "food, precious metals and oil inflation"
Producer prices post biggest drop in 7 months
http://www.reuters.com/article/idUSN1715009520100317

(Reuters) - Producer prices in February posted their biggest fall in seven months as energy costs tumbled, validating the Federal Reserve's decision to hold interest rates very low on evidence of tame inflation.

Los Angeles to Run Out of Cash in a Month, City Controller Says
http://www.businessweek.com/news/2010-04-05/los-angeles-to-run-out-of-cash-in-a-month-city-controller-says.html

April 5 (Bloomberg) -- Los Angeles will run out of cash on May 5, city Controller Wendy Greuel said today in a release in which she requested a $90 million transfer of reserve funds to pay bills.

William Engdahl: US won't recover for at least 15 years

15..maybe never then

I think the recession should last longer that...but we shall see...
Bilderberg: Raise Taxes, Cut Services in U.S. and Europe
http://noworldsystem.com/2010/04/13/bilderberg-raise-taxes-cut-services-in-u-s-and-europe/

April 11, 2010

The Bilderberg Group will meet in Sitges Spain on June 3-6 in efforts to advance their agenda for a new global economic system, they will agree to prolong the recession until 2011. The Bilderberg will discuss plans to level the world so that European and American standards of living will drop and become even with 3rd world countries so we’re all poor together under their World Government Dictatorship.

Rogers: Goldman May Fuel 20 Percent Market Tumble
http://moneynews.com/StreetTalk/jim-rogers-goldman-correction/2010/04/19/id/356121
Monday, 19 Apr 2010 09:20 AM

Billionaire investor Jim Rogers says the SEC allegations against Goldman Sachs could act as the catalyst end markets downward regardless of the outcome of the charges.

"Markets are overdue for a correction," says Rogers, chairman of Rogers Holdings.

"When the markets are ready for a correction, something will come along ... the straw that breaks the camel's back," he told CNBC.

"Any market that goes up this much, this fast, this steadily without correction — it's not normal. When that sort of things happens, the market could be setting itself up for a 15 to 20 percent correction."

Though Rogers believes this could well be the beginning of a correction, he doesn’t advise selling just yet. However, he says investors should start thinking about adding shorts to their portfolio, and suggested shorting indexes, bank stocks included.

As usual, Rogers strongly suggests buying gold. "Go back to 2008, you have AIG go broke, Lehman go broke,” he notes.

“There was a gigantic forced liquidation in commodities — not because of fundamentals, but because people were forced to sell ... it would be an opportunity."