Quote from denner:
The guy is nothing more than a broken clock (with a touch of psychosis thrown in for "flavor").
Nine_Ender
Registered: May 2010
Posts: 698
12-13-10 05:18 PM
Smart money knows this market is still fairly cheap and is buying it up. The dumb money on ET is basically hysterical all upset because the markets are up 13% this year. I'd hate to see how some of you would react to a true bubble like we had in the late 1990s.
By the time some people realize what they missed it will be too late. This is the nature of markets. If you are expecting a magic entry point you might be waiting until late 2012. You might get some retracement in January but certainly not to the totally unrealistic standard some of you keep posting.
Corporate earnings are up and will rise again in 2011. Dividends will increase in 2011. M&A Activity may increase in 2011.
Some of you bears might have some fun in mid to late 2012, but by then today's market levels will seem quite reasonable the "insanity" talk on ET will be conveniently forgotten.
Quote from athlonmank8:
Wow pretty sad.
Quote from wrbtrader:
Ok, thanks for the clarification about the thread is not serious.![]()
Anyways, if you decide to take your own advice and get back in (go Long again)...let us all know about it.
Mark
Quote from Nine_Ender:
IF YOU ARE SHORT THE STOCK INDEXES FROM TODAY YOU NEED TO COVER YOUR POSITION RIGHT NOW!
THE WORD ON THE STREET IS THAT THERE IS A MASSIVE WAVE OF BUY ORDERS SET TO HIT THE MARKET ON THE OPEN TOMMORROW!
THE MARKETS WILL RALLY!
LEAVE IT OR TAKE IT. YOU HAVE BEEN WARNED!
Quote from S2007S:
Werent you the one telling people to get long back above 12,000?
I think you told people to get long RIMM to above $50.00 I told you not to. Its lost 50% of its value since that time!
Quote from Algo_Design_Kid:
Sad, but not as sad as the other thread in question.
Both are based on nothing but shit.
Futures are up about 100+ though currently. How did he know ????![]()
Quote from Nine_Ender:
My post was based on a little bit more then "shit". TSX was outperforming US markets by a lot, and SPY was hugging support everytime it dropped yesterday.
Tell me something, how would people have done following my advice ? A lot better then the other thread, which was my point really.
Reality is, it sure looked like US markets were forming a base, and that fool posted that some huge selling program was coming in and going to COLLAPSE the market. Even more ridiculous was the army of posters who came in congratulating him on the call like he got it right.
You want to be sad, be sad for the quality of trading knowledge being passed around.