Posted on 01/24/2014 10:21:21 AM PST by STJPII
Not sure if this is an adjustment or disaster. We need to stop the hemorrhaging by Monday.
(Excerpt) Read more at marketwatch.com ...
My bet is they’ll (CNBC, Bloomberg, FBC) blame it on the ‘fat finger’ again. Business as usual come Monday.
The DOW has been existing as a prostitute for some time (no visible signs of support). I am hoping for a 40% correction.
I got out yesterday.
Let it correct.
That wasn’t a correction, that was gas.
A correction would put the market where it should be, < 10K
Ok, maybe a good point.
Seattle originally went to the AFC and Tampa went to the NFC.
So I am not sure if Seattle counts as a AFL team or not.
“Do Not Be Afraid”, John Paul II.
Savvy analyst on CNBC noted back in December that Tax strategists were advising their clients to NOT sell and take profits before the end of 2012, but rather......to wait until after the turn of the year and take profits in 2013. That’s what they’re doing..........taking profits off the table.
Then, they’ll buy back in to different sectors; its profit taking followed by sector rotation.
There’s a cool way to play this. Each sell-off day, check to find the stocks that didn’t dive, or actually went up! Then check that list with a list of companies reporting higher earnings. Finally, compare the list that’s left to stocks trading at a forward PE multiple less than 16X and which pay a dividend in excess of 1.5% Those are the companies the big boys will be or are, rotating into.
the market is only where it is because of outrageous, unprecedented and dangerous government debt monetization and Federal Reserve artificially building the balance sheets of its member banks.
The Federal Reserve is the foundation upon which the Democrats and Progressive government is built. Its printed, borrowed and devalued money that allows the government to fund the nanny state, co-opt business to political purposes with crony-capitalism, and in turn, support the social changes that are forcing conservatives into an ever-tighter box.
I personally hope the whole thing collapses. Want to see Andrew Cuomo, Chuck Schumer lose? a 2 year collapse on Wall Street and they will be the first to howl.
Sorry - do I sound like a radical?
Buy low sell high.
Buy what has been destroyed, that everybody hates, and that everybody who could sell has already sold, so there is nobody else to sell, except for those who have already sold it short; what is trading at all time lows, that every bit of bad news and expected bad news is already in the price.
Sell what has been going up like crazy for years, every bit of current and expected good news is already included in the price, and people have already gone all in and have already bought on margin (with money they don’t have).
In other words, sell what you have in the stock market and buy the gold miners. Then forget it for a couple of years.
“I guess I picked a bad day to stop sniffing glue”
It’s also the wrong week to quit drinking......
I love how everyone’s panicking because the market dipped below 16,000 today, when it was sitting at 6,500 just five short years ago.
This correction will pass, and the Dow will hit 18,000 by the middle of next year. Just my amateur prediction...
With his *brilliance*, I wouldn’t be surprised if he DID win.
Don’t laugh......I own $GLUU
Don’t pay any attention to that man behind the curtain!
TPTB are just skimming some off of the top.
“Buy the exchange traded fund SQQQ. It is up 4% so far today. It specializes in short selling.”
Wow......Didn’t know they had an ETF to short.
'PEOPLE ARE EUPHORIC HERE': Rogoff Explains Why World Leaders At Davos Are So Optimistic
He's not euphoric yet — though he thinks the folks at the World Economic Forum are — but the good times might finally be about to arrive.
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