GBA Presents: House of Gummy-!

Right now the markets are looking for any reason to correct.... Any reason. It could be this week's housing starts, next week's PMI, the next big earnings report, Biden took a standing 3 minute nap during the debate, Opec has a meeting and decides to cut production, Powell appears in public with a Windsor knot paisley tie..... It doesn't matter. When the herd is looking for any reason to sell, markets climb.

3875 on the S&P is not happening outside of a major geopolitical event. My pencil can't predict one of those... but it can predict that level if one were to occur. Other than that, any or all of the above could lead to intermediate pull-backs. Any 4%-6% dip should be bought all things being equal.


Thank you VAN

Appreciate the guidance. FYI Popcorns for Thursday debate everyone
 
Van long term holds do us no good. The longest i have held a stock the last few years is a year. Barely made it. That type of thinking is a cop out.

Take a few of your best ideas from your list or I could help you if you want and give us 3 names for RIGHT NOW BABY!!!!

"It's all about the now." (Tm stoney)
Ok. Then you trade options and you make real money. If you think you can predict a 5% move in a short period of time on a very liquid stock... why take 5% when you can make 75%+? Duh.

One minute you say you're not about long term, the next minute you're quoting yourself with stocks you picked in 2022. Make up your mind.

EDIT: And the phrase "cop out" went out in the 1980's. :rolleyes:
 
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