Professor Elam

4/6/25

I got up early Sunday and went thru the WSJ Weekend with a yellow highlighter, so much to say, I need to get my podcast started as it is easier to talk on this than.

Let me hit the high points

All the recommendations now that the SPX is downj9% for the week no less is to sit tight. The WSJ column on investing even said to sell the winners and buy stocks down the most, does it never occur to these guys to go to t bills which I have recommended for months?  Clay and Buck radio show commented most people sell at the bottom. Well recommending the do not sell now while most have gains will result in exactly that, fortitude only lasts so long. MY vies is that

this is a  five of five Elliott Wave top, a 1929 or 2007 or dot.com type mania, the tariff is just the qualitative item which set it off.

OK her goes WSJ

Worst optic of the year Trump waving from the Beast on the way to the golf course as the market collapses 2,000 points, does he realize more people own stock than ever, he soon will

Bidenomics becomes Trumpnomics

NASD down 20% worst since COVID, yes the bear is o ff to  a serious start

BMW has a two page color ad pointing out they employ 120,000 with 600 dealerships not saying they are being penalized for that, observation how many people will need a $95K in a recession?

shades of Auburn Cord Duesenberg

South Korea President out, negative mood throw the bums out

Is religion coming back see House of David on Amazon

Peggy Noonan quotes Don Corleone How did things get so  far?  It was so unfortunate, it was so unnecessary.

How did things ever get so far?

A writer note singer protest how about art bringing people together, yeah where are Peter Paul and Mary when we need them?

Page B1  office workers bringing lunch to the office, the deli is too expensive

Investment writer suggests 401Ks have been decimates, not yet but they will be if they follow his advice

he says eventually it will recover, sure RCA topped in 1929 came back iin  1952

Buy what is down and sell what is up

C1 examines chevy and ford noting they no longer employ 850,000 but 180,000, true but if you add all the Asian and European factories and dealers

BMW, Mercedes, Audi, Kia, Toyota, Honda, Nissan, KIA, Subaru, etc, we are talking the same big industry the big three once occupied

Range Rover announced they are suspending shipping cars to the US what is a dealer withe a $10 M dealership to do, hello used car lot

and of course that dealer employs Americans