nice job with the commodities.
coach d wrote:agip wrote: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 dropI 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.
But I'm also calling for a correction, and the DOW is down about 200 in the aftermarket.
As I said, sell in May and go away for a while.
coach d is a fraud.
agip wrote:coach d wrote:ouch
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).
D is a very good investor but maybe he's in a rough stretch with oil and commodities rebounding and now missing out on amzn's pop.
the difference is that Factset is simply reporting what is told to them...Zerohedge has an agenda and manipulates numbers to argue for that agenda.
Ghost of Igloi wrote:
OK, but it is my belief that FactSet is it's own brand of propaganda designed to support the industry narrative that there is never not a time to buy stocks. For example, there is the Wall Street fiction of forward earnings or adjusted earnings. Wall Street forward estimates quoted by FactSet are so much fantasy that to use them truly challenges the most gullible. Just yesterday LinkedIn reported an earnings beat of 74 cents a share but a closer look showed a GAAP loss of 35 cents a share. Yet I have seen no one in the financial media question the discrepancy. In my book this is a much more egregious attempt at misinformation than anything you will find on ZeroHedge.
I appreciate your honesty. Hopefully this signals a new beginning for you. Good luck.
Ghost of Igloi wrote:
Painting a picture that is fiction does no one any good.