Given the lack of Hussman "insight" posted here recently, I thought that Ignatz had finally realized the guy is writing from the investment looney farm. Given all the evidence presented here, how could any rational person think otherwise. But apparently I was wrong as it's obvious Ignatz is still on the crazy train. Go figure.
Down goes the Dow
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Joe,
The difference you take your cues from the direction of the market, I take it from facts. The market is trading at the third highest valuation ever. GAAP earnings are below estimates for the quarter. The NYSE composite Index remains below it's 5/21/2015 high of 11,254 (currently 10,832). Similarly the FTSE All Country Index remains below it's all-time high.
At some point you will be squeezing dollars from a turnip, I mean a beet.
Igy -
You gave no idea where I get my market cues. Anyway, the direction of the market is a fact. Even an idiot like Hussman knows that.
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Joe,
OK, you have called me crazy and Hussman an idiot.
Then, where do you get your market cues?
Igy -
Like others here, I get them from you. Whatever you say, I do the opposite.
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Joe,
Ah yes you do just pile on the direction of the market.
Good luck though.
Don't worry I will be around to call YOU out.
Igy -
I'm not piling on. I buy low and try to sell at a profit. I'm taking some profits now. Too bad you missed out.
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Joe,
Good job. Keep it up because paper profits mean nothing.
Igy -
Joe,
There is an old adage in the industry "you'll never go broke booking a profit."
Igy -
Ghost of Igloi wrote:
Don't worry I will be around to call YOU out.
Igy
Ah! The old "I'LL BE BACK" line.
You used that on me 2 years ago and still haven't "BEEN BACK" -
Not me, that why you need the appointment with the psyche doctor.
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Joe Beets wrote:
Don't make me laugh. You are the epitome of the WS doomsday mantra. Bearish prognosticators outnumber the Bulls by 10:1. Your employer tells you to play up the fear factor so that you can churn sales and reap fees from people who trust you. They are fools as you've so aptly described them yourself. Your hand is in their pockets.
http://www.zerohedge.com/news/2016-11-28/ -
"Page not found" error
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Bullish sentiment highest since January 2015....
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Ghost of Igloi wrote:
[quote]Joe Beets wrote:
Don't make me laugh. You are the epitome of the WS doomsday mantra. Bearish prognosticators outnumber the Bulls by 10:1. Your employer tells you to play up the fear factor so that you can churn sales and reap fees from people who trust you. They are fools as you've so aptly described them yourself. Your hand is in their pockets.
"AAII bullishness soaring to its highest since January 2015 (following the end of QE3) with the biggest 3-week spike since September 2010." -
Link?
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Helloooooooooooooooooo..........
http://www.aaii.com/files/surveys/sentiment.xls
Igy -
Got it. So a majority of those surveyed are not bullish. I'm kind of surprised given the recent record run. I guess all of the pessimism coming from Wall Street is having the desired effect.
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No you don't get it.
But you are a Troll" that is who you are, that is what you do." -
Hellooooooo? wrote:
Got it. So a majority of those surveyed are not bullish. I'm kind of surprised given the recent record run. I guess all of the pessimism coming from Wall Street is having the desired effect.
Yea right doofus, here are the S&P 500 targets for 2017:
http://finance.yahoo.com/news/strategists-sp-500-forecasts-for-2017-143623977.html
Igy
