The market is SO WRONG at this point

Discussion in 'Trading' started by orbit23, Mar 31, 2024.

  1. orbit23

    orbit23

    Covid dip lasted only 32 (working) days and gone down about -35%.

    Including weekends thats about 40-42 days in total.

    We are currently 43 days away from elections.

    upload_2024-9-23_9-56-49.png


    Is the greatest crash of our lifetimes about to begin?


    I am NOT seeing straight out bearishness on the charts yet(it's the opposite for now actually; bullish) so for now doesn't seem like it just yet, just some food for thought.
     
    Last edited: Sep 23, 2024
    #211     Sep 23, 2024
  2. Nine_Ender

    Nine_Ender

    Practically zero chance of a crash this year. You need to consider the catalysts to the last three "crashes" and note that nothing even remotely close exists right now. Markets do not crash because they went up, no matter how much some of the clowns on here think they do.
     
    #212     Sep 24, 2024
  3. orbit23

    orbit23

    This is nothing but pure delusion and wishful thinking.

    I will say a prayer in your name.


    The problem is you people don't understand what's at stake here. If Trump wins, we have 4 more years of circus. If Kamala wins, it might be the beginning of the end of the world.

    There is no way trump wins as is (unless something catastrophic happens).

    As unfortunate as it is, something catastrophic HAS TO happen to prevent a bigger catastrophe later on.


    We are heading into a blow-off top.
     
    #213     Sep 24, 2024
  4. SPX 6000 in sight, no?
     
    #214     Sep 24, 2024
  5. Nine_Ender

    Nine_Ender

    I'm in commodity based plays not general market plays. Copper stocks were up huge today and silver/oil stocks are range bound but trading up slowly. So I have no money on the bet of US indexes or IT stocks I'd be looking at those in the future if we get drops and/or the commodity bull ends. You Americans are truly delusional on your politics.

    When you say we are headed for a blow-off top, I really am not sure how that impacts owning a Canadian Oil stock that is extremely oversold now or a Copper miner. Not every trade is about US indexes. The cash flows coming from Canadian Oil stocks are a positive catalyst. Copper being in short supply is a potential catalyst. I don't trust Gold/Silver but they make good trades lately.

    As I said before, you can ask yourself this December whether you made money from your convictions or not. My projections have been pretty good on here over an extended period of time. Nobody has been more wrong on massive levels then the permabear types on here, often missing index levels by 80-120% which is absurdly wrong. In any event, I've actually come out ahead in EVERY correction since 2009 by selling on the way down and rebuying later at lower levels. The Covid crash was a huge win for me. Just have to be alert and note the tendancy of excess selling at bottoms when the bears are gleeful on here it's time to buy.
     
    Last edited: Sep 24, 2024
    #215     Sep 24, 2024
  6. .223 is a supersonic round and will liquify tissue at over a mile out. You can hear the splat thru your muffs (speaking only of coyotes and wild hogz)
     
    #216     Sep 24, 2024
  7. themickey

    themickey

    A mile.....?

    When I was a young guy, deer hunting in NZ was my obsession and .223 was considered a tad unsuitable being too light, branches (underbrush - not sure of correct American terminology) and wind affect.

    As a slight distraction to the topic, I used a .308 carbine and ended up with sore shoulder and involuntary flinching because of the boot. My 12g shotgun also as I used that a lot affected my involuntary flinch.
     
    #217     Sep 24, 2024
  8. orbit23

    orbit23

    People are degenerately long while war is cooking up in the middle east and god knows where.

    Crash of biblical proportions is WARRANTED. Now who can guess the timing ughh...

    upload_2024-10-2_22-57-45.png


    I think we crash going into elections, Trump wins, then market bounces but continues lower.

    The funders of the democrat party are sell-outs. They are willing to give up power for money.

    When the offer for Twitter was high enough, they gave up the power for money.


    So they will let go off power, but in exchange crash the market and make money by shorting.
     
    #218     Oct 2, 2024
  9. Well I don't want to say I TOLD YOU SO!!!! :)
     
    #219     Nov 24, 2024
  10. Nine_Ender

    Nine_Ender

    Ok it's late December read your post back note how wrong you were. Even on the prospect of Trump tariffs tanking markets, which is possible, the drop won't be this year. As I have repeated many times on this site, a meaningful crash or even a deep correction needs a REAL catalyst. Trump is capable of providing that catalyst but also is prone to reversing course when he feels it makes him look bad ( tanking stock markets would hit his ego hard ).
     
    #220     Dec 18, 2024