Posted on 04/28/2017 5:02:25 PM PDT by blam
"Any jackass can kick a barn down, but it takes a carpenter to build it." ~ Sam Rayburn
One jackass (oops we mean expert) after another, has been predicting that this market is ready to crash. The problem is that these brain surgeons have been making this argument for so long it almost sounds like the definition of insanity. Insanity boils down to doing the same thing over and over again and hoping for a new outcome. These predictions are so off the mark that they make a broken clock look fantastic which happens to be right once or twice a day depending on whether you follow military time or not. This market is unlike any other market; it has moved from being the most hated bull market to the most insane bull market of all time. In such an environment technical analysis is technically trash and fundamentals are fundamentally flawed. In fact, for the most part, market technicians have no idea of what they are talking about; they figure that by studying someone else theory or drawing squiggly lines on some chart they can decipher the market.
We have dealt with at least 15 so-called expert technicians who claimed to have found the Holy Grail; in the end, their theory was full of holes and could not account for sudden and rapid trend changes. Technical's do not drive the markets, and neither do fundamentals; emotions drive the market. Understand the emotion, and you can identify the trend. Identify the trend, and you can determine the primary direction of the market. If the trend is up, then you don't need to worry about crashes or correction; the market will not crash when the primary trend is up. It will, however, experience corrections, all of which will prove
(snip)
(Excerpt) Read more at marketoracle.co.uk ...
Global Warming somehow prevented the crash.
Is this guy saying he found the Holy Grail?
It’s like the Indian rain dances. They simply danced until it rained, which it was bound to do eventually. Then they’d look at all the skeptics and say “See?”
Fundamental analysis is more for looking at individual companies; technical analysis seems more an indication of broader market psychology, and it’s easy to read WAAAAAAY too much into it.
I have bitter memories of my father throwing away all that he had worked for playing these market-timing games in the 90s...in the end, I’m reminded of a comment by one of Jesse Livermore’s contemporaries; to paraphrase, nobody that had a sure-fire understanding of the markets would go selling that information.
That said, there’s plenty wrong with this market, and it wouldn’t surprise me if, in their desperation, the powers-that-be do attempt to crash it in an effort to hurt Trump.
You mean like Glenn Beck?
I’m still waiting for the nuclear decapitation attack Stone and Jones talk about
Well, what happens when the world doesn’t end and the day of judgement doesn’t come? New prophecies!
This is a sucker’s rally.
The PTB will crash it when every last sucker has been drawn into it.
It will be one of the greatest thefts in history.
You missed it.
Well...when is that supposed to happen?
(hint: it's already not happened many times)
Yes.
There was a thread earlier today about the stock market. It referenced
Twitter. Twitter is a company that is bleeding millions of dollars. They have never turned a profit. They are literally worthless. Except on the stock market. There they have a multi billion dollar market value.
The author asked “how do you explain this”?
We were talking about this on another post, today. Since November, my IRA has been Hot, Hot, HOT! And at the same time PMs are heading for the Moon, too.
Usually run opposite of one another.
So, until the next ‘crash’ comes, Mama is makin’ some cash money, Honey! ;)
They are doing the right thing, the only thing they can do. Crashes do happen from time to time. Once you predict one, you must continue to predict it until it happens.
Then you gloat and your career is made, no matter what happens after that.
Beck was my first thought too.
We started buying Wal Mart years ago and just let it ride. Overall it has grown and grown with a few minor slides. We also invested in our “local” bank which has paid much better interest than savings or IRAs.
Cuidado!
Biblical prophecies are being fulfilled as we speak.
Rasputin was also a con man.
red
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