Nouriel Roubini expects S&P to fall by 28%

HE is very negative on the economy for sometime and now he is warning of catastrophe.

Bailouts or Bail-Ins-by Nouriel Roubini , Brad Setser

Here are some of the "bullish" headlines in the newswires today: they confirm what I have been saying all along: it is a suckers' rally in the stock market and we are headed towards a nasty recession. Expect a nasty bear market in equities - in the average recession the S&P falls by 28% - once the delusional dream of perma bull leads them to wake up the reality of the nasty and deep recession ahead:

* Services in U.S. Grow at Slowest Pace in Three Years Service industries in the U.S. expanded at the slowest pace in more than three years in September as the housing slump deepened.
* Wal-Mart Cuts September Sales Growth Estimate to 1.3% Wal-Mart Stores Inc., the world's largest retailer, unexpectedly lowered its estimate for U.S. comparable-store sales growth in September
* Orders to U.S. Factories Were Unchanged in August after a 1% Decline Orders placed with U.S. manufacturers were unchanged in August, the second month without an increase, suggesting a slowdown in production as the economy cools.
* ADP shows 'sluggish' gains of 78,000 jobs The U.S. economy added about 78,000 private-sector jobs in September, another month of "sluggish" hiring, according to the monthly ADP employment report released Wednesday.
* Manhattan Co-Op Apartment Prices Dip 16% as Buyers Favor Condos (Bloomberg) Manhattan cooperative apartment prices ell 16 percent in the third quarter as more New Yorkers avoided lengthy co-op approval proceedings by opting for condominiums that typically have fewer regulations and higher prices. he average price of a co-op, in buildings where tenants owncorporation shares and set rules, fell to $1.09 million from a record $1.3 million in the second quarter.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

404

Recent Articles