Chairman Powell didn't get your message. IYR climbing lol. Ya know a lot of smart people have gone broke sticking to their convictions. Don't fight the tape son.
That’s good advice Pops, thanks. Look to the left of your climb for the prior drop. Still just a recovery wave as called. I can wait. Speaking of Powel, jeez how much baby sitting can he do. Any dummy can clearly see RATES are going up big time in the next months
Poor Powell. Dow Jones cannae hold gains, not enough no rate hikes. Dow needs bigger dosage. Drop to zero%. Even Bubba knew the USA is headed for Japan 1990. Welcome to the new USA = Persistent Deflation for decades. . Lovely to watch this all around absolute disregard for the inevitable BEAR of epic proportions. JPM giving up the 200 day, Wells too, BofA soon, XLF my my my, hurts to watch. Obviously the psychological aspect of the next wave has not fired YET. When so, expect 1500 pt move south to start the party.
2008 crash. Same story different year. Take your pick. Start left of chart, 1st drop and rally, ignored. Then next more severe drop. Rally. Ignored. DEATH followed. Swift hammering. Same-o. Same-o
Good afternoon, Mr. Burke, I knew the outcome already - History is chalk full of you and others like you, Mr. Burke. But. I visited you at your home here. https://www.elitetrader.com/et/threads/gotta-love-zero-risk-in-the-sp500.85694/ I drank coffee and went straight to October 2nd 2018, I.e. the night before the last crash starting around page 2140 approx. After just reading 6 trading days action, I could not take it no more. You died at least 3 times and took several other gullibles with you. One cat named Laissez Faire lost 2800 per contract, it seemed he was so sure of your advice, he bet the ranch. You should have learned your lesson that 1st wk of Oct. My my my all the way to the Christmas low you were Longing and Longing and now you’re at it again. Holy Tamale, Mr. Burke. Shocked to find both Overnight and TheMickey following you religiously. I leave a message for you at exactly 1:13:17 below Goodbye Mr. Burke, pls don’t visit me anymore. .
Poor Clubber, he’s been glued to the TV waiting for the train wreck. He’s even got popcorn. His anticipation is growing. He’s just dying to say, “I told you so”. So where do we stand w.r.t. the train wreck? 1st entry SPY = 279.2 2nd & 3rd entries for far lesser amounts 550k each 280.54 & 280.84 So let’s say 280 SPY close today = 281.5 Poor Clubber gots to wait in anticipation a while longer. Perhaps manana? .
Reminder: Bear Market started Jan 26, 2018. Big downs, big ups, overall sideways feel. ...... so this reminder is appropriate from The Great Depression It came with a surrealistic slowness ... so gradually that on the one hand it was possible to live through a good part of it without realizing that it was happening and on the other hand, it was possible to believe one had experienced and survived it when in fact it had no more than just begun. Clubber Lang fasten seatbelts now.
Comments = bullish sentiment off the charts at 100% bullish, no room or tolerance of differing opinion. Herd behavior 101. .