Predictions are pretty much a fool's game given the fact that news always trumps charts. To say that the market is stronger than ever based on fundamentals is absurd. There are many reasons for the selloffs we've been having, but I think Paribas put it best when it noted the "complete evaporation of liquidity in certain market segments of the US securitisation market" NO BIDS for these assets signifies a major problem, a problem that required the Fed's intervention three times on Friday to say nothing of the emergency injections of liquidity in markets world wide. "Best time 2 buy ever?" A little simplistic, don't U think? (lol). Love this quote, too: "Also the smarties who want the market to go higher will win. We got strong revenue and tons of spendism and paymentism and consumer spending. We got coperationism, consumerism, monetizationsim, and smartism." Do you have a "spendism" newsletter I could sign up for?
The only thing that I can tell you in an open forum is that my proprietary Stock Trad3r Capitulation Index has not signaled a bottom.
Uhm I see, so that is your edge? Since we aren't up the average 7% we still have room to go? Come on, nobody is that dense. Ursa..