DavidisFinanciallyFree wrote:Hi Dennis, thanks for pointing out the TRUTH so that we do not get blinded by the self-acclaimed "prophets"...
I used to have a lot of respect for Hu Li Yang and I have bought and read 2 of his books. But when I attended the seminar in Sep 2011 when he came to Singapore and he said things such as:
1. stock markets would rise on a specific date, he said 15 Nov 2011...(I was thinking, Timing is the main uncertainty in investing, nobody can claim to know exact timing unless he is God, so I was very shocked to hear him said it, especially in a Public Seminar, as many may blindly follow him).
2. "I'm better than Warren Buffett in stocks". I remember the last time I heard something similar is from the founder of Sunshine Empire...and I find that it is boastful to say something like this...Warren Buffett is the Most Successful Stock Investor in the world currently and to say one is better than him, one better have something to back that up, or it sounds like just empty Boasting...
I can only say that I changed my opinion about Mr Hu after that.
'I'm a legend - better than Warren Buffett'
http://www.asiaone.com/News/The+Straits ... 31825.html
On 4 May 2012 Dow 13,038. Daniel Low said that Dow should not fall by more than 300 points in May 2012. On 18 May 2012, Dow closed at 12,369, or down 669 points, more than double of 300 points.
http://sg.finance.yahoo.com/echarts?s=^ ... =undefined;
Should We Sell In May And Go Away 4 May 2012?
By Daniel Loh (Tudi of Hu Li Yang)
http://www.sharesinv.com/articles/2012/ ... d-go-away/
Who is Daniel Loh?
DANIEL LOH is a stock and options trainer. He has conducted more than 100 classes to date to more than 1,000 students.
He is also a partner with Asia’s Leading Stock Guru, Hu Li Yang and an avid educator of Hu Li Yang’s teachings.
He has been trading in the US market since 2004. Trading in US market has enabled him to know more about how the stock market works. Now, he passionately teaches and shares his trading experiences.
To know the direction of the market of the month, we just need to study the first week’s US economic reports, which have been guiding our predictions of the market direction. Last week, we mentioned that we were concerned of the employment report coming out this week. On Wednesday, the US ADP employment report was released. It was below expectation as predicted. However, the main reason why May’s employment result should not be good is because the weekly jobless claims reports have been below expectations throughout April.
The big moment comes this Friday when US market opens, as the non-farm payroll is due. We should not expect a good number. In fact, this is the main concern in Wall Street this week as jobs reports have generally been bad these two months.
So, will May be a disastrous month for the market? Will the market suffer a selloff then?
In fact, judging by these few days, May did not have a bad start. On Tuesday, Dow Jones Industrial Average was up 60 points because of a surprisingly good ISM report. In fact, actual results of 54.8% beat the forecast of 53.3%, which is a total surprise. ISM measures how good the enterprises are faring.
We opine that after Tuesday’s ISM, which blew away the estimate, the “Sell in May and go away” theory may not be that accurate. We are not expecting a selloff this month! At most, the market may trend sideways but it won’t fall a lot. The Dow probably would not fall more than 300 points.
But of course, whether the Dow will rise have to depend on this Friday’s jobs number. Keep a lookout on our coverage after the number.
Expectations may have been set in Wall Street to expect a bad number. If the jobs number is not that bad, maybe there is a chance that the Dow will still end in the green this month.
Another cause for joy in May is that Facebook will launch its IPO this month. Technological stocks may have a run up before Facebook’s IPO, which will certainly impact the market.
So before you panic to sell away your stocks should Friday’s jobs number be worse-than-expected and market falls, you might want to remember what Asian Leading Investment Guru, Hu Li Yang, always says, “When most people think in a certain way, the market often reacts in the opposite direction. You can only be a winner when you are abnormal!”