Louise Yamada: Bearing Up

Kate Welling (welling@weeden and former Barron’s associate editor) can rightfully lay claim to being one of the most accomplished financial interviewers/writers around. Readers will recall her fascinating discussion of a while ago with Albert Edwards and James Montier of Société Générale, casting a rather gloomy spin on the economic outlook.

Still squarely in the bear camp, she has now done another absorbing interview: this time with Louise Yamada, top-ranked “Institutional Investor” technical analyst. Although the views were expressed about three weeks ago, the content is as relevant today as then. Louise’s track record is just too good to be ignored, especially when she concludes the interview by saying: “I’d rather be out of the market wishing I were in, than in the market wishing I were out.”

To find out Louise’s reasoning, click here for the full report (which is republished with the necessary permission).

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7 Responses to “ Louise Yamada: Bearing Up ”

Comments:

Nico Omer Jonckheere says:
July 24th, 2008 at 2:00 am

Dear Mr. Prieur du Plessis,

I just wanted to congratulate you for doing an excellent job in providing us very insightful and up-to-date information on the financial markets.

Keep up the good work and may God bless you for this.

Best regards

Nico

Ray The Money Man says:
July 24th, 2008 at 8:59 am

Thanks again for the article and links. The last couple days have people saying 10,000 is out of the question now. There is more pain coming…….Lets take profits when they are there right now.

Moise says:
July 24th, 2008 at 4:47 pm

Thanks for the great link.
The way she looks at charts and even makes drawings on them remind me of Harry Schultz…

Rick Mayor says:
July 24th, 2008 at 8:11 pm

Prieur,

Thanks for the link to Ms Welling’s article with Ms Yamada. I always enjoy Ms Welling’s work (I was an avid reader of her’s when she was at Barrons) and particularly liked her recent article with Edwards and Montier. I also enjoy following Ms Yamada’s work as she is very prescient at times.

Really appreciate this great service you provide.

Take care,
Rick

Riles says:
July 25th, 2008 at 5:33 pm

Added thanks from another individual investor for the “access” to some of the best! Have a question that maybe someone else noted and can help me out? Ms. Yamada points to last year’s new highs for the DOW and NYSE indices as an exceptional event within “Structural” Bear Markets, and (IF I’m interpreting her correctly?) therefore forming her basis for the “Hybrid” BULL Market alongside, in Energy, Materials Global, etc.. Having been an active investor during the ‘66 to mid ‘82 Bear, I though remember differently.

If the PRICE charts I checked are correct, the DOW, did not attain any new highs for that period, but the S&P and NYSE both did. These latter two, like the DOW hit their “pivot point” lows about mid-’74, but went well above old highs in November of ‘80, before falling back awaiting the Secular Bull’s birth in 8/82.

This got me wondering now if our ‘02 lows were NOT in fact this Market’s pivot point, but more like the 5/70 lows where the Dow was down “only” 30%…and we have a worse “pivot point” to come???

Scott says:
August 1st, 2008 at 12:39 am

Thanks for posting this!
I love Ms. Yamada….Her insight on the “big picture” is excellent.