Over 150 stocks are down more than 10% this past week, at the same time the Obama administration starts to fly armed drones shaped like Noble Peace prize awards over Syria. Coincidence?
I think not.
You’d like to remain in your cocoon indefinitely, then emerge later on to flowers and honey bees buzzing about the garden. But the winter is coming and up ahead is nothing but icy roads and homicidal zombies.
In the greatest lexicon of all investor handbooks, you’ve ignored the most important one of them all: The Book of Fly.
Judgement day is coming and when it does, you best to have some treasuries and utility shares to withstand the wrathfulness of it all.
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Why are you not positioned short if you are so sure of a meltdown? You scared?
I am not stupid, like you.
My plan will reveal itself in time. Quit revolting, or get placed in the fagbox.
Just because the Fly was down 32% earlier this year and has not been able to make it back despite all his efforts, doesn’t give you the right to disrespect him on his site. No bugger off.
Now ^^
Banned
We need a hero!
This is but a mere pullback in a rip roaring bull. Pullback was very overdue and buyers will step in at major supports per status quo..settle down.
Tell yourself that when you are crying in the shower, fetal position.
I feel refreshed after my laugh, thanks.
Are you not entertained?
Indeed, sir.
classic fly response!
im amazed at how many schmoes out there thinks market was that easy just buy the dip cause market is overdue for a correction, lol retards you will never make money in the market
Shaking out the weak hands and sucking in the bears. SPX/NDX higher 6-12 months from now. BOOK IT.
Some words from one of the few men in this world who is smarter than me…
“Over the longer term however Dow Theory suggests everything is fine. Indeed the Industrials confirmed the Transports continuing upside which has been making all time highs since July. On Weds the Industrials finally confirmed the Transports action by bettering its all time closing high 7/16. This makes 20 such “buy” signals since the 3/09 bottom and only reinforces what i have been saying for quite some time, we are in a secular bull market that probably has 8-10 yrs left to run based on historical precedence.
However over the past 5 yrs there have been many disbelievers in this bullish call. I can’t remember how many times I have been told the Hindenburg Omen that was supposed to sock stocks. Then there are the negative nabobs who have been telling us for the past 5 yrs that earnings were not going to be any good. Meanwhile the S&P 500 actually earned, $49.50 in 2008, $56.86 in 2009, $83.77 in 2010, $96.44 in 2011, $98.85 in 2012, $107.45 in 2013, and if this yr’s estimate is near the mark the S&P 500 will earn $119.44. Moreover earnings have grown by 6.15% since 1989; extrapolating the growth out to 2020 yields an SPX est of $183.36. Using the historical median P/E of 15.5 renders a price target of 2,842.
Still the disbelievers trot out things like the Demark “crash” signal of a few months ago, the Tobin’s Q expensive valuation (which has been for 5 yrs b/c book values are understated), the CAPE which is too high b/c of the earnings disaster of 2008.
2,842 would be a gain of about 8.4% per yr and adding a 2% div yield gets you a total return of about 10.4% per yr, which just happens to be the average return of SPX since 1926. But remember how important dividends are in that number. Earnings growth accounts for about 5% of that long term return. PE multiple expansion accounts for roughly 0.9%, while dividends add 4.5%, voila 10.4%.”
I don’t care how many times “we” have been wrong. 6-12months (right now). Lower
Screaming of a correction after a massive upside isn’t exactly going out on a limb…lol
IT IS WHEN YOU PREDICTED BACK IN APRIL.
Back into your coffin, vampiro!
Dr. Fly – I am absolutely not questioning your gameplan, I’m just wanting to learn: What’s different about this particular pullback that makes you not want to utilize the PPT scores? Kind regards from your deadbeat & absentee uncle…
read my blog inside PPT
Just peeped. Thank you.
Got to say, “Thank you”. Saying more would be overdoing it, less would be inappropriate.
Gotta admit, I am kinda scared… this is the 3rd day of -1% RUT and the media’s (MW etc) are barely bearish at all!!!
Awesome song.
Yinz is all just guessing at shit. In, out. No plan…running after the lemmings….get you ass ripped off.
You are a fucking loser.
Yinz? You must be from western PA.
I predicted this action all back in April/May.
Update: Buy Sell Buy Sell Buy Sell Buy Sell Sell Buy Sell Buy Sell Buy
NUGT begins trip to BONERVILLE
I have rid myself of treasuries but not the idea of treasuries. Zen moment. They will be mine again. Nothing goes straight up or down.
This mkt, IMO, is designed to kill people. We may have a rip roaring spoo-fest tomorrow of +25pts. Having bought the low in treasuries, waiting for a better spot to reenter.
Fast and hard.
You could have listened to him. Soon it will be too late. It’s happening. You chose this fate.
Why is $IFON crashing. I just got the $IFON 6 and it’s AWESOME !!!
I don’t see how some token bombing if Islamic State scumbags has had an effect on the market -by the way, why do we worry about a rag tag bunch of evil terrorists when a much larger and more powerful enemy, Iran, is working to develop nuclear bombs? Can anyone say DISTRACTION?
typo correction: that was “bombing ‘of’ not ‘if’ IS scumbags”
Short Gold!
It’s spelled “correction” knuckle head