First off, let it be known that I called and #Rampstamped the millennial-generational-bottom in stocks for 2016 (last Wednesday).
I wasn’t the least bit shocked from the latest rally. A psychological tell that will always mark a bottom is when people tell you to be careful.
You’re going to buy $SPY OTM calls? Be careful!
You’re going to buy oil stocks? Be careful!
You’re going to buy a Powerball ticket? Be careful!
You’re going to buy the market at ATHs? Be careful!
Who are you, my mother? Don’t tell me when to be careful. The market is made for risk taking. And the moment you should be taking on the most risk is when people tell you to be careful. They are telling you to be careful because they are scared. They are worried that the world is coming to an end and they don’t have the balls to buy so they treat everyone like their children.
Hahaha
I don’t get why he isn’t a “tabbed” blogger.
This is a good post.
Ramp – are you declaring we have hit bottom for 2016?
For now, yes. God (Allah) only knows what Janet will spew from her mouth tomorrow.
What about the 10.30 ramp, any comment on that? Seems to be even more consistent.