Literally any time, lads.
Art’s commentary was on Friday before the market opened — but still relevant today. The gist of his dire warnings had to do with market breadth, the astonishing fact that 30% of stocks in the SPY are down for the year, and the retardation of government not being able to do dick.
If you enjoy the content at iBankCoin, please follow us on Twitter“We’ve been setting record new highs, and often the breadth has been negative. We’ve had more declines than advances,” Cashin said Thursday on CNBC’s “Futures Now.”
“We’re starting to get more new lows than new highs; 30 percent of the stocks in the S&P [500] are down for the year. Those are very unusual combinations with new record highs.”
“I’m troubled by the market internals, and I’m very cautious about what is going in Washington,” he added.
“It’s not expected, but it would be very negative,” he said.
Even though he thinks a sell-off may be coming, Cashin isn’t sure how deep it will be.
“We haven’t had a drop of 3 to 5 percent in an abnormally long period. So, that would be my first target,” said Cashin, who points out he’s never seen an environment quite like this one. “You want to play it cautiously.”
No respect for Art’s “analysis” here. To talk about market internals is no different than talking about the internals of casino slot machines while ignoring the mafia rigging them on daily basis.
Anyone with real “independent wealth” would think otherwise and have significant assets in equities by now (especially post crisis). This is a joke. You are a joke.
The lack of imaginative thinking makes you a turd. If I hang out with my own, dipshit goldbugs, I might as well stay in bed and talk to myself as opposed to living in their echo chamber. They will miss the boat for a fact when the tide changes. Following big established financial advisors is stupid because those guys are truly agnostic. They dont give a shit about markets because their business is to fleece their own clients. It is the small financial blogs with true market enthusiasts that are the source of my information and general sentiment. I dont have a crystal ball and am guessing what the best strategy is. I placed my bets; opposite of everybody else on this site. I have no idea if what I am doing is right but for as long as I am the only odd one out here, I am sticking to my guns. Once your Dear Leader Fly here spells it out for you and you lemmings start nodding your heads like goldbugs, then I know I have to step back, look at and adjust my positions and find a different hang out to shitpost. For as long as my shitposting gets a negative reaction here, all is well in sarcrilege lands. Does that make sense to you? Prolly not.
So are you going to convert to Judaism if Fly starts blaming the Jews for everything?
No, that’s ideology. I am interested in understanding what smart guys who take opposite bets of mine think and what drives them to be believers in markets. It tests my own convictions as I have signed up to the “end of times” theory years ago and have been wrong for that long because I hung out with doomers. That’s all. Plus you ladies are so easily triggered. Anyway, it’s all good. I have a feeling we’ll all get fucked over equally at the end regardless.
You’ve been wrong for many years so are using the comments section to prove to yourself that you’re right about something you’ve been completely wrong about and continue to be completely wrong about. That makes sense. What’s your monthly allowance and how is the trust structured?
turd, if you go to any doomer site, you ppl dont even exist, there’s nobody in middle class that is in markets, everybody is in debt, losing houses, credit cards maxed out, no job, markets are driven by HFT, large hedge funds and banksters. The market is about to break any day. And here you all are, oblivious to everything, playing markets, banking coin as if nothing. Had I not panicked when I did, I probably would have found middle of the road and be in better shape. Anyway, I am just observing and waiting when you ladies here start panicking and what your strategy will be to cover your ass and bail out. I am not losing any assets, but I am not making any either. But I could lose if things dont go a certain way. I am hoping to get a different angle on things here while shitposting on your way of getting ahead and planting seeds in your heads to be on a lookout for calamity in markets. Does that make more sense now? Nothing sinister. Just getting myself into a different frame of mind while getting on everybody’s nerves.
You’re a racist and anti-semite. I could care fuckall about your view on markets. This strategy of yours makes zero fucking sense as your positioning is binary, either it happens or it doesn’t regardless of this community’s actions. So just stop being a racist anti-semitic piece of shit.
2018 WILL BUST YOUR BALLS, MONEY WILL RAIN FROM THE SKIES WHILE DAY TRADERS COMMIT SUICIDE.
There won’t be a “correction” Thanksgiving week friends.
Amen. No correction on this week, the holiest of holidays… turkey day. I need my daily 40.
3-5% is Dow mid 22,000’s, which is where we were in September. Buy it if it happens.