Guy Who Knows From Shit Hitting The Fan Predicts Shit About To Hit The Fan

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Stock market analyst Tom DeMark spends many weekends in his home office in Scottsdale, Ariz., pondering the fate of the markets. The founder of Market Studies studies the price movements of stocks, bonds, commodities, currencies, and indices to try to determine where things may be headed, and investors pay for the privilege of knowing his thoughts. DeMark has thousands of subscribers to his company’s service through Bloomberg, and he has served as a consultant to Leon Cooperman and Paul Tudor Jones in the past. His only personal client at the moment is SAC Capital founder Steven Cohen, who has retained DeMark for 15 years as a special adviser...This past weekend, DeMark says, his prognostications for the stock market started to look rather bleak. His Dow Jones Index chart covering the period from May 2012 to the present seems to be tracking, almost precisely, the months leading up to the 1929 stock market crash. [BusinessWeek]

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What Does A Phone Dedicated Exclusively To Receiving Calls From Steve Cohen Look Like?

Past the two Bentleys in the driveway and beyond the pool and mini water park, the home theater and a sports bar hung with enough memorabilia to equip a basketball team, Tom DeMark has his office -- a dark, wood- paneled lair with six computer screens. The office abuts the master bedroom of his Scottsdale, Arizona, home, Bloomberg Markets magazine reports in its December issue. It has to, DeMark says, because he often gets up after midnight to scrutinize charts of stocks, bonds, commodities and currencies to see if his numerical system for predicting their behavior is working. Since he started in the investment business in 1971, DeMark has advised some of the biggest names on Wall Street, men such as Paul Tudor Jones and Leon Cooperman. He’s a consultant to Steven Cohen, founder of SAC Capital Advisors LP, which manages $14 billion, and John Burbank, founder of $3.4 billion Passport Capital LLC. SAC and Passport each own a piece of DeMark’s company, Market Studies LLC. DeMark has a phone on his desk that’s dedicated to Cohen. Seems like the obvious possibilities are: a) b) c) d) e) other Follow-up question: how many other people have Steve-only phones? Surely DeMark is not alone. DeMark Fibonacci Charts Embraced by Cohen Lure Investors [Bloomberg Markets Magazine]