Thoughts on this bullish outlook?

I tend to like having a bearish slant. I've been working on becoming more objective and unbiased. Been following this guy Ciovacco for about 3 months, he seems like a perma-bull.

Thoughts on the points made in his video?




Thank you

 

investing and trading is two very different things
I have a friend who has been holding from 1980 in the Indian stock market
today he says dividends pays all his household expenses.
my father bought a bank share in 1994 in the IPO I just sold it this year......it was 100000 bagger yes it was a 100000 bagger

while things are worse in the United States from 1990s the stock market reacts to things on a relative basis: meaning compared to 2008 things are much better

 

He's not a permabull.

 

that stock have been rising for 10 years but what is important is how they have been rising.....the rise from 2008 lows was very fast so I would say that this market of USA has at least another 5 years of rise.
it may go further than that if the next five years rise is very fast.

 

falls may come but if they are fast falls then they will recover even more fast.

these fast falls, like the last fall on the daily charts, attributed to the canora virus, are just a ruse by the market to induce selling at lows, since there was no buying at highs due to all around negativity.
this lead to a liquidity crunch which could only be solved by a fall, to convince those that were fearful of a fall, that there worst fears are confirmed and entice them to sell at lows.

 

the dangerous falls are those slow grinding falls of .01%-.05% every day.

these entice buyers to buy high since market is undergoing a 'correction'.

these slow falls are distribution, as buyers wrongly believe they are buying into a correction, and are enticed to buy high

 

Is being bearish smart over the long-term (in general, not in obvious garbage like penny stocks)?

It seems bulls have been winning since the beginning of time.

 

the answer to both is no

 

if you buy 'good' companies then this is true.

there are other things that help.

anybody that has fought any government knows that you cannot win against it. I have seen numerous cases where government has been taken to court but they have never lost.

the government DOES NOT LIKE BEARS.

print this out and put it above your trading computer terminal

 

That was from Sept/Oct 2018 before the Dec 2018 low.