GBA Presents: House of Gummy-!

Are we gonna blow thru 5000 on the S&P?
This time around, I don't think there'll be a battle at the proverbial "round number". Too many shorts like to play that. The P/C ratio on SPY is sitting at friggin' 2.27 with the vix at 12.96. No wonder Cramer said we're going higher.

Ahhhh. I'm not buying it.
 
You have to be careful of group thing here but most of the smart guys I talk to are calling for a correction soon.

They all had said we will make a nominal high around this 5,000 and I guess just because that's around number & we would have a selloff in Feb.

I wrote about this months ago-- Look for Valentines Day Massacre. We are ticking up to that point in perfect fashion.

4d9fc84b56f037ea69421f5aa309c4b0

Fundstrat's Tom Lee says investors should brace for a correction.

  • A stock market correction appears imminent after the S&P 500 rallied 21% over a 14-week period, Fundstrat's Tom Lee says.

  • Lee said history suggested the market was about to reach a short-term peak.

  • He said the S&P 500 might reach "5,000, maybe a little higher," but "a drawdown follows."
 
We know have $12,000 to invest after VEEV. We must be careful here.

I would like to get off tech... I just don't know where.-- One thing that came out today in the fed speak is they feel finally the extra savings people had amassed through saving & scamming the Gov during Covid that is now finally gone.

Keep that in mind. Important.*
 
stonedinvestor said:
We know have $12,000 to invest after VEEV. We must be careful here.

I would like to get off tech... I just don't know where.-- One thing that came out today in the fed speak is they feel finally the extra savings people had amassed through saving & scamming the Gov during Covid that is now finally gone.

Keep that in mind. Important.*
More...
You better read my post, a little tidbit no one else has noticed.
https://www.elitetrader.com/et/threads/2024-stock-picks.377535/page-12#post-5924623
 
stonedinvestor said:
Over the next few months, we think the next test for the markets will come in February and March when companies report earnings. We are not as concerned about earnings as we are that management teams may look to lower the bar on the market’s expectations for earnings growth in 2024 as the rate of economic growth is poised to slow.

All signs are pointing towards a valentines day massacre.
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Actually my call came at the end of the year.

I don't know why you always lie about me. Whats the use everyone here knows I am the best--just ask them

you don't get 200,000 people to follow you on Elite Trader unless you are several times more important than Cramer. Right? He can't even get 3,000 into his stupid club.
 
stonedinvestor said:
Actually my call came at the end of the year.

I don't know why you always lie about me. Whats the use everyone here knows I am the best--just ask them

you don't get 200,000 people to follow you on Elite Trader unless you are several times more important than Cramer. Right? He can't even get 3,000 into his stupid club.
More...
It's 200,000 views, and 80% of them are you and I going back and forward.

And quit back-pedaling. You called for the correction before XMAS. Do I have to quote the post again.

I told you even before that--- any pullback wouldn't happen before Jan opex... thank you very much.
 
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