I am hoping, yes, the market goes down.
Make sure the painting crew uses drop cloths and a trim brushes.
Wow. Massive sell off in the last couple of hours of the S&P500.
Ghost of Igloi wrote:
Mark Zuckerberg couldn't save the dying gasps of the Bull Market, the respirator has been passed to Jeff Bezos. Amazon reports after the bell.
P/E now 485
Random dude bro wrote:
Amazon delivers. Up 10% in after hours. This is massive.
coach d wrote:
I think Agip is on the mostly bullish side, like Flagpole and me.
But mostly bullish is not always bullish, and with respect to Amazon, I sold the shares I bought on 2/1 this morning at 622 before leaving for work. This is the reason:
Almost a 100% statistical chance of a negative surprise based on recent history.
And this is the other part to keep in mind. In short/intermediate term, the market is heavily overbought (this does not mean I see a crash, but a correction of 10-15%):
Sell in May and go away (for a while).
You haven't paying attention. On 3/6/2016 I posted on here:
but of course it needs to be said he made a lot on amazon and a bloody fortune it seems on oil's drop
I called this whole thing--stocks and commodities--and I'm killing EVERYBODY. I was up 52% in the first QUARTER, and it looks like it's going to be about 75% through April.
coach d wrote:agip wrote:I think I'm going to give a MUCH bigger headache. The StockCharts weekly newsletter shows, among other things, the largest reading in the McClellan Oscillator since January 2009. This is a breadth thrust expected at the beginning of a bull market, not the end:Maserati wrote:right back at you, M
Stop it agip, you're driving me insane.
We are looking at the prospect of a MAJOR bottom. This goes along with the MASSIVE reversal in copper on 3/1 with other commodities following, and, yes, I went with the reversal and am now long everything that I was short before, except treasure bonds that I am still short. We gained 20% in the 5 accounts I'm managing.....IN 4 DAYS. Of course, this is also a heavily overvalued condition short term, so a short term correction should be expected (buying opportunity).
Igy, you had better be careful. The force is not with you.