Just because the S&P is over-valued and the mugs are piling in doesn't mean it is going to correct itself right now. Timing is everything.
You were bearish a couple days ago, now turning bullish after the rise... you've joined the chorus. 2080 SPX
Huh? Where did I turn bullish? I am a bear long term but my cash is on the sidelines until I get the right signals to confirm the next leg down is imminent. At the moment I don't have those signals and I'm not going to try and 2nd guess the timing - I will let the market tell me when it's ready. Go back and read my posts. I've had the same position throughout this recent rally. It has been stronger than I expected but I still think it's a dud.
You don't believe the top is in - so I consider you short term bullish I believe the top is in at approx 2080 SPX. I like to be specific -- because timing is everything!!! LOL Haven't seen you provide any timing yet. Being non-specific means you never get shown up for being wrong, but I would prefer to call a spade a spade, even if I very occasionally make an incorrect call.....
LOL. Go and read some of my other posts around the site. I've made plenty of calls, just not many in this thread. There is nothing wrong with staying on the sidelines until you get the signal you are looking for.
Whats with wankers like that questioning other peoples calls? If any of us knew anything you would not be on silver stackers. We are all just throwing ideas around.
Whaaat? Where did that come from? I was trying to encourage a bit of caution. No need for name calling.
Market struggled to move last night, staying in the 2080 region. Tax filing for U.S. citizens normally falls today (15th April), but this year due to Washington holiday it's Monday 18th April.. In my opinion, stock selling / profit taking should begin this evening in anticipation of this event.
No agreement at DOHA. Oil down over 5% already in early trade Monday. This could be the trigger for reversal of the recent rally in stocks. Should be an interesting week in the markets. So yes, SS you might have got your 2080 top call right but I'm still after confirmation before I will short it. I want to see short term trend lines broken.
I'm not concerned. Just seems the thread is dying and clearly SS is not worth the effort talking to him. I've seen his calls and he's been perma-bear throughout this short covering rally and reckons he's been stopped out for no loss a few times, so it's very obvious he's full of sh*t. His lack of any thoughtful analysis just confirms to me he's a mug. Even mugs get it right now and then.
I've posted my trades as I've gone... can't be any more open than that If only everyone else was as open with their trades then we might actually get somewhere. Sorry for picking the top - I know my correct calls upset a lot of people
You won't get agreement while you have countries that can't take the capital loss of shutting down essentially new extraction equipment. In other countries where this capital equipment is owned by public corps, you can't really compel them. OPEC is openly a cartel, but it only works when everybody can make money. In this enviroment it's every man for himself, you lose $6 a barrel you pump but you'll make it up on volume. That, and OPEC isn't the Arabian golf club it used to be. I predict the Chinese out controls on fuel burning cars, trucks and generators in drive areas soon and supply side won't move until shale and tar sand are broken and bleeding.
We've moved into the 2nd stage with people annoyed that I'm right. Baron will hit the 3rd jealousy stage sooner than everyone else, he always does
