Take a shot every time he says “secular.”
Ari Wald, head of technical analysis, “executive director” at Oppenheimer, is calling for the mother of bull markets, which will last “for years to come.”
Clearly, his charts tell him that “The Facebooks”, “Amazons” and “Googles” of the world are winners and believes they will continue to win. But, if you take a step back, pal, he cites MSFT as a stock that is “just getting going (+60% over the past two years).”
It’s humorous to hear a technical analyst call for a secular bull market, not having the insight into core fundamentals and news flow. Apparently, everything is already baked into the fucking charts.
Nothing to see here. Carry on. Secular bull market on its way.
If you enjoy the content at iBankCoin, please follow us on Twitter
obviously, monsieur le fly is fast approaching 47.5 years and will soon have to ban himself
still 39
Nevermind the giant megaphone forming on the long longterm charts. But do we have a blowoff top first?
FANG is the new Nifty Fifty.