MEETING REMINDER - PLUS!
We meet again this coming Thursday, February 17th, from 7:00 to 9:00 PM at DePaul University in Naperville, IL - located at 150 West Warrenville Road.
Our Topic: "The Language of Investing"
This meeting is open to anyone who is interested in learning and talking about investing. We do have an annual membership fee of $15.00, and non-members may attend for a $5.00 donation per meeting.
In March, we begin our Spring Speaker Series and there will be further details as we enter the next month.
If you have any comments or questions then please direct them via e-mail to:
rwm123@hotmail.com
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Yesterday I reported about insider buying/selling and how it can be used to accurately forecast what may be happening in the market six to nine months down the line. Now today I read some comments by Jeffrey A. Hirsch, who is the editor and publisher of Stock Trader's Almanac Investor. Mr. Hirsch had these comments, "The market's poor showing in January is a red flag. The annual 'Santa Claus rally' never materialized, and the S&P 500 lost 1.8%. Then during January's first five days of trading, the S&P fell again." Mr. Hirsch has been following the action of the S&P ever since 1938, and he has been accurate in forecasting its movement about 80% of the time. And now here is his forecast for 2005: "The S&P should fall from 1,180 today, to 1,095 by this summer."
So now we have two forecasts to keep an eye on and it will be interesting to watch whether or not they get it right!
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Each indecision brings its own delays, and days are lost lamenting over lost days...Whatever you can do or think you can do, begin it. For boldness has magic, power, and genius in it.
-Johann Wolfgang von Goethe
* * * * *
Our Topic: "The Language of Investing"
This meeting is open to anyone who is interested in learning and talking about investing. We do have an annual membership fee of $15.00, and non-members may attend for a $5.00 donation per meeting.
In March, we begin our Spring Speaker Series and there will be further details as we enter the next month.
If you have any comments or questions then please direct them via e-mail to:
rwm123@hotmail.com
------------------------------------------
Yesterday I reported about insider buying/selling and how it can be used to accurately forecast what may be happening in the market six to nine months down the line. Now today I read some comments by Jeffrey A. Hirsch, who is the editor and publisher of Stock Trader's Almanac Investor. Mr. Hirsch had these comments, "The market's poor showing in January is a red flag. The annual 'Santa Claus rally' never materialized, and the S&P 500 lost 1.8%. Then during January's first five days of trading, the S&P fell again." Mr. Hirsch has been following the action of the S&P ever since 1938, and he has been accurate in forecasting its movement about 80% of the time. And now here is his forecast for 2005: "The S&P should fall from 1,180 today, to 1,095 by this summer."
So now we have two forecasts to keep an eye on and it will be interesting to watch whether or not they get it right!
------------------------------------------
Each indecision brings its own delays, and days are lost lamenting over lost days...Whatever you can do or think you can do, begin it. For boldness has magic, power, and genius in it.
-Johann Wolfgang von Goethe
* * * * *
posted by Bob Moser at
6:03 PM
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