Down goes the Dow! Down goes the Dow!

Up more than 2000 points over the last year.

Down, because stock market "analyst" created the situation. Rest assured that the brokerages are making a lot of money at the moment. They will also make a lot of money when the market goes back up. That is the game being played, at our expense.

This should not be much of a surprise to anyone who knows what they're doing. I pointed out a month ago about the major Key Reversal, and that it often precedes major tops or major corrections. The SP500 futures Large Commercials (i.e., the big boys) have been selling (becoming less long) since late March.

The Vanguard nuts don't want to face up to it, but the truth is that we have been in an extended trading range for 15 years. The percentage play is to bet that this will continue until proven otherwise, and that's what the big boys are doing.

7/10

:)

The current fluctuations of the market prove that the markets have nothing to do with valuing companies and predicting the short and long term success of those companies. The markets are purely being valued on the margins that are created by Fed policy.

Flagpole cashed out and locked in his 47% gains for the year.

Who is the Dow? Sprinter? Middle distance? Never heard of this guy. Never heard of Bailey, either.

Precious Roy wrote:

The current fluctuations of the market prove that the markets have nothing to do with valuing companies and predicting the short and long term success of those companies. The markets are purely being valued on the margins that are created by Fed policy.

There are two major parts to market prices. One part is earnings, and the other part is valuation. If the economy weakens, after tax profits will follow. If the Fed pulls back, interest rates go up, and it is unclear whether the economy will be strong enough to maintain after the stimulus is removed. Also, the sequester has pulled money out of the economy, with a significant lag effect.

I would say that people on both sides of the argument are jumping to conclusions that should not be jumped to if you are a longer term investor. We could see something like happened in the summer of 2011, or we could see something like happened in 2007-2008.

The latest after tax profits data shows a pull-back at the start of the year:

If this continues with a lack of stimulus from the FED, and the effects of the sequester, the markets are in trouble. But we don't have that data yet.

* wrote:

Up more than 2000 points over the last year.

It took five months of the best performance in years to rise @ 16%.

In a couple of weeks it has given back nearly half of that.

What a scam. Can't invest in safe fixed income products as they are paying less than inflation.

Force into a market that can give and give for years, and then take it all away in a few weeks.

You want to try and tell me the Bernanke's buddies didn't short the market based on what he was going to say?

I bought the SP500 futures on 6/22/2009 at 887. I sold them on 6/4/2013 at 1630 on a stop.

You could have done something like that. But I bet you were too smart to buy back in 2009 because of the coming "depression," right?

Don't blame Beranke or the market or Wall Street for your own stupidity. And Bill Gross and the Pimco Total Return Fund have been beating the market over the last 15 years. That's where my safe money is. It's only the biggest fund there is these days. Once again, blame your own stupidity.

coach d wrote:

I bought the SP500 futures on 6/22/2009 at 887. I sold them on 6/4/2013 at 1630 on a stop.

You could have done something like that. But I bet you were too smart to buy back in 2009 because of the coming "depression," right?

Don't blame Beranke or the market or Wall Street for your own stupidity. And Bill Gross and the Pimco Total Return Fund have been beating the market over the last 15 years. That's where my safe money is. It's only the biggest fund there is these days. Once again, blame your own stupidity.

Coach d only describes his moves & positions in detail well after the fact.

People ask his current positions, and rarely if ever get a detailed reply.

stupidned wrote:

Flagpole cashed out and locked in his 47% gains for the year.

Nope. I said earlier in the year that a big downturn was coming. Back down to 14,784 now just moments before the close.

The market goes up, the market goes down. Overall it ends up, so no need to worry.

1.6 percent is not a lot....not even a correction

BTW, brother, did you short gold?

It's been a very nice ride. From very long term Elliott Wave perspective (going back to the bottom in early 2001), gold had a major 4th wave fallure, and wave 1 out of that went from 1800 to ~1400. If that's wave 1 of 5, it projects to an eventual bottom of $800-1000, maybe down the the 2008 bottom.

Benghazi!!

coach d wrote:

BTW, brother, did you short gold?

It's been a very nice ride. From very long term Elliott Wave perspective (going back to the bottom in early 2001), gold had a major 4th wave fallure, and wave 1 out of that went from 1800 to ~1400. If that's wave 1 of 5, it projects to an eventual bottom of $800-1000, maybe down the the 2008 bottom.

No. I don't play that game.

That is bullshit. This is what I said on 5/31:

I don't say much because I very rarely make changes. I was long gold for 4 years (now short) and I was long the SP500 now out. I have only made 4 trades in the SP500 in 10 years.

But you should not be expecting to get trading advice from anonymous posters on letsrun. Nor should you be getting that from Peter Schiller and others that seem wrong all the time.

Okay smart guy. Tell us all your positions right now.

It's amazing that coach d and Flagpole are ALWAYS making the right moves at the right time. They must be rich beyond our wildest dreams.

I envy you guys.