B1S2 I believe there is potential in the next 30 minutes that we may see a basing out floor that will provide the spring up past 3060. If not, I will continue to watch.Yep Major buy signal below 3060. Long 3052.00 Initial stop 2940.00
all this chitchat is um really thrilling, lol.. but how are you guys TRADING it, exactly?? you are traders here, right? here's what I'm trading ... gotta love the selling
So what I never said there won't be shakes.. and this is exactly how you get better price overall.... you want to build WEALTH you want to play the BIG game... I have netted $3m+ from the stock market plus $1m from real estate, enough to get to the infamous top 1%.... you look at these short term guys, 3-4 digits profit loss, forever grind for some bread crumbs..... we are going much higher... play the BIG game! and as I posted these shakes, if you can see thru the bogusness, will affirm your belief that we are going much higher, otherwise why would them boys bother doing it.
Now you can get some of the stocks at a much better discount compare to a week ago, 10 to 20% cheaper, not all of them but some of them. Like NVDA got up 19% in a single day yesterday (17.47% plus 1.63% after hours). Market going down because people sell, if at some point they figure that the value is valid and decide to hold them, then short has to cover. IN time like this if people follow Mr. Buffett's advice that you pick those stocks based on the criteria that if the stock market is closed for ten years and the stocks would be doing fine, then no worries.
Here is the problem with this thesis. A "much better discount" is only relative to the (arguably) bubble high valuations. What happens if the market drops another 5%. What if it ranges for 6 months? We may very well look back and call those highs the second tech bubble. All it would take would be another leg down. At this point, it's probably a 50/50 from SPX 2950... It's trading on psychology now. Think about it like this. Many would say that the ten year can't stay near 1.15% yields. But what happens when the ECB and BOJ is forcing bonds to trade at negative yields? This is completely uncharted waters guys. Watch your ass.
Right. Just think what "bargains" were available in late 2007, and all of 2008 and in early 2009 before the markets starting moving higher again. Have the markets bottomed. Maybe. Maybe not.