Hahah, piper says markets 50%% higher by end of year! Hilarious!

I needed a good laugh. And I found one!!!!



https://www.cnbc.com/2020/03/19/pip...er-from-here-december-is-a-long-ways-off.html

 

I have been in markets for 30 years and I would not disbelieve anybody if they said dow, at end of year, 40000 or if they said dow 10000.

markets behave 90% of the time, but can go way off ,once in a way.

 

The best price prediction is nearly always the current price.
40000 is extremely unlikely (virtually 0% chance) given that we are in bear market at present and the economy is in recession.
But 10000 could happen if things continue to get worse.

 

We are in a bear market, average wait to get back to new highs is 1100 trading days or over 4 long long years. Going no where fast anytime soon!!!

 

I think you missed what I was trying to say.
markets behave.
but 10% of time they do something weird.that time traders have to survive

 

I am sorry
that is your opinion.

but be that as it may, even if we are in a bear market, we will test and get very close to the ATH

 

That is interesting. We should revisit this post next week!

 

You seem to have a good handle on things. I remember you were rightly bullish some years back (maybe even before or during the 2016 breakout higher).

 

it may take longer than next week.
but you better revise basic technicals.

 

Im a day trader, so dont profit from it.

But im thinking back to that time, the dow was around 23000 or something. And nasdaq was 5000 or so and both were making new all time highs on the regular. And we had guys on here shorting those new all time highs and getting ass handed back to them. Wasnt hard to point out the folly of what they were doing.