We’ve been watching the insanity in the Currency and Treasury markets and are convinced that it is all a misdirection of epic proportions. I am in agreement with Dr. Le Fly who thinks there will be a rip roaring rally coming presently.
The many who have hedged their equity and bought Treasuries on deep margin will be made a laughing stock in the investment community. There is no “bubble”, but they are terribly late to the party. Is anyone but the media surprised that the economy and housing are “slow”. If you are then you need to choose a new line of business.
Stock of all stripes are testing their summer lows and other are marginally breaking them. No one believes that the market is going to do anything but fall off the cliff. As miserable as they were this morning, the opposite will occur in due course. What will you think when we’re back at SPX 1120 soon?
Please forgive my “morning off” from my radio simulcast, but there was some important business to attend to…Next week I may even take a vacation day or two…
Enjoy this prime buying opportunity in oil, technology and yes, even in select retail.
Totally agree….need some sort of catalyst to really get going though..
Scott do you think the GDP numbers on Friday make a difference at this point?
the worse the better…
Could my timing have been better today?
you were so dead on….also i am starting to really get the market. Its taken now 12 years. But i get it. Now I just need to develop a tad more patience.
Huggie: you are beginning to get THIS market. It will change. The key is to change with it, NOT after it has already been identified…keep your discipline but be flexible…
1120?
That would be a lower low then? Hardly worth celebrating.
You bulls may get to 1105, but I doubt it. Good luck clearing the 20day, 50day, and 200day moving averages.
Really, when will you actually wake up to what the market has been telling you for months now…it’s called a topping process.
Scott just needs you subscriber-bulls to keep paying, I’d bet any money he’s not believing any of this crap for a minute, don’t be mugs, get out, or get short.
You would have to ask him, but im guessing his forecast is measured in weeks and not months, nor years. Maybe he is long term bearish, who knows.
Nice rant on the stream today. Right on target.
Still holding AVD Scott? What’s happening with that story? I recall you saying on your radio show that AVD was “easy money”. Thanks.
Jeez! AVD was bought in early March and didn’t break our buy price until last week. It was up as much as 25% and stayed above our buy price for 5 months. Is that easy money? It is now about a buck below our buy and I will be buying more at some point…That will be more easy money…
Any1 who writes the things scott has been saying for the past 3days sucks dick at trading and is about lose his ass off
STFU
Nice call Scotty my old mucker.
You bulls have another week of serious pain to endure before any sort of (puny) bounce.
So, watch 1000 taken out, and enjoy the ride.
Anyone listen to this guy Bleeeaaah again is an idiot.
I could shut my mouth but that wouldn’t make a difference to ur losing ass in bac and ur other longs