iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

Reminder: Betting Against Stocks is a Suckers Bet

No, this sell off isn’t going to lead to a market crash. This is going to pass quickly and all of the dips will be bought. As I wait for the Exodus OS signals to materialize, I think it’s important that you remember the times you thought stocks were done, only to later on, and very quickly, recover and hit new highs.

I have 134 tech stocks down more than 10% the past week. This is part of your buy list.

SAAS stocks are my preferred stocks now. However, I’d like to see some strength first. Build your lists and watch for signs of a turn. It probably won’t happen today.

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4 comments

  1. WrongView

    I’d feel better about it if Showtime would start gloating.

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    • soupbone

      didn’t Dennis Gartman call the bear market the other day? Always helpful.

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  2. soupbone

    Market is questioning the orange fella, emporor wanna be.

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  3. og

    USA vs the world might not be good economic policy.

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