coach d,
Just shorted what you went long.
Igy
coach d,
Just shorted what you went long.
Igy
lol game on!
Maserati,
The S&P closing low back in August when things were SO BAD was 1,862. We are slightly under that number as I write. And what has happened since then: 1) stock markets across the world have declined, 2) corporate earnings have declined, 3) energy and commodities have dropped, 4) central banks outside the United States have eased further, 5) global banks are under stress, 6) story stocks have been hammered, 7) market leadership, if you want to call it that has changed. Just to name a number of fundamentals that have deteriorated since August.
So what is the catalyst, dare I ask, that will fundamentally move the market. I agree with coach d that speculation can move the market higher. However, I believe the regime has changed: sell on the rally.
We have a nice weekend coming up, I plan to take a couple of foothill runs.
Have a good weekend.
Igy
I did NOT call a breakout. By traditional old-school technical means, we have a POTENTIAL double bottom with positive RSI divergence at the retest. All I have called thus far is the retest. A breakout would be indicated by closes above 1950, which would predict a maximum move to 2100. I already have open profits of 48 S&P points.
Mr. MarketWatch,
That quote seems nonsense to me but buy on the dip if so inclined.
Igy
coach d,
My apologies, you used "break" multiple times to describe the lower end of your range so I assumed going above that range is a breakout. I have open short profits 200 points.
Igy
Morgan Stanley analyst sees bull market lasting to 2020!
Companies losing billions buying stock back:
http://finance.yahoo.com/news/companies-lose-billions-buying-back-181218493.html
Bull market to 2020 at the same time that Gary Cohn of Goldman is talking about liquidity problems, pulling back consumers, Europe very concerned about Grexit and British exit?
http://www.goldmansachs.com/our-thinking/podcasts/episodes/02-09-2016-gary-cohn.html
The four most dangerous words in investing:
It's different this time.
Buy,
That ain't nothin' James Glassman says that Dow will hit 36,000 by 2005:
https://en.m.wikipedia.org/wiki/Dow_36,000
Oh, it's 2016 and we are at 15,900, opps, sorry Bulls....
Igy
There's two sides to that story. Believe it or not, there are bears who think we'll be at 13,000 soon!
Gold retreats from 12-month high as euro bank rally boosts global stocks
The European bond market has come under intense pressure in recent weeks from crashing oil prices, outflows from sovereign-wealth funds and strong indications that the European Central Bank will lower interest rates deeper into negative territory when its Governing Council holds its next monetary policy meeting in March. Entering Friday's session, banking stocks in the euro zone had crashed more than 25% since the start of the year.
http://www.investing.com/news/commodities-news/gold-retreats-from-12-month-high-as-euro-bank-rally-boosts-global-stocks-384486
Mango J wrote:
The only stress in the financial advisor bidness is in fabricating new lies to tell clients in order to sell them crap to appease the Zi*nist masters of Wall Sreet.
.
Lying on Wall Street?
Jews in powerful positions on Wall Street?
Crazy ideas.
Ghost of Igloi wrote:
Maserati,
How about Dow 13,000?
Not even a stopping point.
Igy
12,667
Your prediction means nothing without a time frame.
https://www.youtube.com/watch?v=bn5TNqjuHiUMango Jerry wrote:
Your prediction means nothing without a time frame.
Reduce risk as the bear market growls:
http://realinvestmentadvice.com/reducing-risk-as-the-bear-growls-02-12-16/
Relax it's not 2008, well maybe not....
[quote]Henry Paulson wrote:
Relax it's not 2008,
It wasn't 2008 in 2008 for most experts....until it was. And then it was too late