How do I know, you ponder?
Some people make a living taking shit out of toilet bowls. They know just the right amount of times to plunger that bowl in order to get the coriolis effect going again.
Others sell drugs to people from inside nice, clean, stores, and can tell you just the right amount of pain killers one could take before passing out and going into cardiac arrest.
Why, some people make their living selling solar panels, door to door even. Those people can tell you which morons are most likely to buy said panels, just by looking at the expression of a person’s face.
I, on the other hand, have made my living by determining the levels by which markets set up to rally, following a rout. I’ve developed the algorithms using decades of market experience and have shared said algorithms with the retail public. My experiences in timing said bottoms have been so successful, I’ve dedicated the entirety of my trading career towards it and have left the field of professional money management, something I’ve partaken in, at a high level, since 1997.
Here is my track record, using the predictive algorithms inside Exodus since 2009.
When it’s oversold, members will be emailed, alerting them to this occurrence and I will purchase SPY. I’ll have you know, I’m highly proficient at what I do.
As for the state of stocks: dreadful. The Walmart numbers were a red herring. I hope you understood that I was being tongue in cheek when I praised them this morning. They merely beat lowered guidance. Moreover, strength at Walmart, traditionally, means people are poor and have abandoned all hope, so they shop there.
The market doesn’t want the Fed to hike, because it will lead to catastrophe of monumental proportions.
Copper continues to trailblazer, inexorably lower.
Palladium, a vital component in the manufacturing of cars, is getting crushed.
People continue to find safe haven in treasuries. It’s glib to believe you can predict the price action of treasuries via charts. It’s the biggest asset allocation in the world. Although popular, it is the primary indictment of everything that’s wrong with current economic policy. Moreover, it will continue to rise, as long as Europe and Japan are under negative interest rate regimes.
I just gazed into my crystal ball. We got another 600 pts drop left in the tank. It’s time to roll out the FAZmobile.
We’ve been done with the markup phase since last year. Stocks have been on sale, and there will be more sales and big discounts coming. It’s no different than your average retailer.
I just got long SPY via calls. Ride or die.
Good timing, I expect they’ll continue to profit tomorrow