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
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(Excerpt) Read more at marketoracle.co.uk ...
When facebook was about to IPO, I made a statement on fb not
to buy, that usually they sell their company when they know it goes down. Indicated that the stock would go down right after the IPO.
Facebook hid my post from public view. Then on Drudge the post ipo showed FB stock crashing.
So, the only reason imo that Twitter is up on the stock market is because they pulled a similar scam and idiots are buying it, along with federal reserve cash flows being intercepted to float the market during Obama years while transaction volume was nil
It is a known fact that the “pundits” on Wall Street have called accurately 122 out of the last 4 stock market crashes.
“The author asked “how do you explain this”?
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Simple. First it has happened many times in the past. The market lives in the future and assets of these companies are purchased based on expectations of future value.
Take a look at TESLA. The company shares are unbelievably high ($314.07) in price and yet TESLA has never made 1 penny in profit.
You can be sure that when it does crash again those who were too heavily invested will complain that the market was rigged. As if there was no money market option available for them to park their gains.
Place your bets and take your chances.
I’ve been hearing about stock market crashes since I started investing back in the mid 1980s. I’ve been called a fool for not buying gold bars and burying them in my yard in case of the apocalypse. Now I’m a millionaire - on paper anyhow as I haven’t cashed out my stocks yet - but I reckon if the crash does come, all the doomsayers will have the last laugh.
It is coming....count on it.
Years ago I read of an evangelist who predicted that Jesus would arrive on Earth on such and such a date. Therefore, he suggested, the believers should build Jesus a mansion worthy of his state.
The mansion was built and they all assembled for The Arrival. Jesus was a No Show. The evangelist pondered for a while and said that there had been "a slight miscalculation", so while the faithful waited for the Next Time, he would live in said mansion and "keep it ready".
I follow Dave Ramsey’s advise and have my IRA in the four sectors he recommends. So far, so good! :)
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