Sand Spring Advisors LLC

What Growth? & New Thoughts from the "Warren Buffett of the Dark Side"

November 22, 2003

by, Barclay T. Leib

A few days ago we posted the analog chart pattern match below between the current hourly S&P chart and an old AUD/JPY chart that we fondly remember trading back in 1990.

Since that time, the S&P has fallen some 20 points, and appears set to shortly accelerate lower into early December.

But how low will this move go?

And what about those supposedly strong fundamentals that suggest to most market pundits that the U.S. economy is in a standard cyclical upswing?

And what is one astute short-seller Jim Chanos (aptly dubbed the "Warren Buffett of the Dark Side" by Jim Grant at a recent Grant's Interest Rate Observer conference) focused on these days?

We answer all of these questions and more in our 17-page monthly subscriber-only article immediately accessible to Sandspring.com subscribers by clicking here.

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Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. The opinions expressed are not intended as specific investment advice, and simply represent our personal views offered here under our right of free speech. Sand Spring Advisors is a NFA registered CTA/CPO, but is not a Registered Investment Advisor. We do not directly trade any client funds. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and we will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.

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