Harry Winston Diamond Corporation HWD

5% moves only occurs in bear markets

[greatemailslob]

The S&P 500 surged 7.1% yesterday!!

Why, we haven’t had a day like that since … November 24th. And before that …

November 21st! And before that … November 13th! And before that … who can

forget October 28th (remember that 10.8% jump)? And before that … October

13th! And before that… September 30th. This is the 15th time in the past six

decades that we have seen a 5%+ move in the S&P 500 and they all either

occurred in a bear market (2007-09; 2001-02) or right after the stock market

crash in Oct/87. In fact, two-thirds of those 5%+ rallies have occurred in this bear

market!! And they have always, always happened on some major announcement

or news item. But to quote an oldie but goodie from Bob Farrell – the market

inevitably makes the news, the news does not make the market. Look – we

realize that there are many out there who are craving the opportunity to turn

bullish. So are we. But we have seen this script too many times before. We just

do not believe that a new bull market is going to be caused by Bernanke and

Geithner who have been at the helm through this vicious bear phase. The

fundamentals, namely corporate earnings, are going to have to take over from

hope to ensure that this rally has legs. That said, a break of 800 is a big deal

from a technical standpoint and the 200-day m.a. is just over the 1,000 mark.

See the nearby tables

There have been seventy 5%+ sessions and twenty-nine 7%+ days back to the

1920. The best 45 days in the market in recorded history actually occurred in the

bear market of the early 1930s. Going back over the past 80 years, it is painfully

obvious that spasms of this magnitude occur in the context of bear markets. This

is NOT characteristic of a bull market. The last time we endured something like

this was back when we bounced off the November lows – and 10 days into it, the

market had surged 15% and every pundit and his mother were claiming that the

wicked rally was dead. Caveat emptor.

[puma1]

why not go back to your pump sites slob - you are adding no value to any of the discussions going on this thread.i guess 1 more ignore space will have to be used

[greatemailslob]

i am truely sorry for your massive lossesbut thank god for investors like you otherwise I would have to work for a living

[blackbart26]

Just give vermin a slap and put it on ignore. That's my policy for the trash that shows up on these boards.

[greatemailslob]

blakcfarti am sorry for your many losses buying stocks....i will pray for you

[puma1]

i haven't seen the Tiffany numbers but Blue nile released some qrty's a month ar so ago and they were still surprisingly strong as well. i was also looking at Coach - different product but still higher end, and they still seem to have been holding.i think this is a much better buy at $3 then it was before the deal at $2 and change - although i did get some decent shares at $2.50. my only