First of all, “Shame on you,” there is no real Santa and if God does exist, he does not care that you need a new Mercedes.
Goldman can be as wrong as the talking heads on CNBC (but not 100% of the time as they seem to be & crude is not going to $20) but they are smart people and it pays to read what they write so:
In its outlook for next year, aptly titled “Déjà vu all over again,” the Goldman analysts forecast the S&P 500 to trade at the 2,100 level at the end of 2016 as rising rates compress P/E multiples, weighing on stocks even as companies’ earnings grow.
Note that the S&P currently trades around this level so the rest of 2015 and 2016 will look like 2015.
The point to remember is some people made millions in 2015 and some people lost everything. It is not a stock market, it is a market of stocks. If you are in the right sector, you can lose money, you have to be in the right stock, ETFs are great to trade but own the right common (or preferred) underneath them. If you own Palo Alto (PANW), you have kicked ass, if you owned FireEye, Inc. (FEYE) you didn’t.
In a rip roaring bull market, everything goes up, we are not in one, I am looking to hit singles and doubles, taking profits and 25% is huge. I heard this in the dining room of the NYSE and have never forgotten it: Pigs get fat and hogs get slaughtered.
Twitter is a great place for ideas, there are people I follow who run circles around Gartman, Kass, McCollough and yes Cramer.
Its your money, do your own research and if you need help learning the trade, buy into a service or a platform. $250 or 500 or a grand is nothing compared to walking blindly into this machine and losing it all.
This is serious shit and there are people on the other side of every trade that are expecting to win and you to lose.
Enough bullshit, I am long $SPY, but I want to see us over 210 TODAY, I expect crude to trade in this range forever, gold to continue to get stomped and biotech is a crapshoot, one bad PR and you lose 75% of your investment, know what the fuck you are doing before you venture there.
Last thought; Set stops, never fall in love and if you don’t like the advise block them.
Have a great trading day.
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Solid post man, spot on point about hitting singles and doubles, and taking profits around 25%. This is great advice for any newbie out there; this is especially applicable to an actively traded brokerage account as compared to a retirement account, but still could be applied there as well.