Gotta love ZERO RISK in the SP500 = $$$

S2007S said:
NOTICE HOW EASY it is to say things like this AFTER THE FACT, OF COURSE THEY SAY THIS NOW, how about 2 months ago when the dow was trading pretty above 18,000 where were these headlines then...everyone was predicting a break out and further upside while I was calling for a break to OCTOBER 2014 lows most of this year and a spike in the VIX above the 30-40 level as well....Both just happened, my next prediction is for even further downside, a collapse in all world markets, NEGATIVE interest rates, QE 4, a slowdown in China that the world has never witnessed before, worldwide recession and possible depression in some weaker economies and the markets to plunge over 40-50% from where they at 18,000 in the next 12-18 months....
More...

These "analysts" should be making the minimum wage...and who the hell is their audience?
 
S2007S said:
WENT IN again on SDOW at around $25, if we get a massive sell off by the close its going back to $29-$30 a share!
More...



YESSSSSS

Added back into SDOW earlier today after selling and now glad I did, also went long FAZ, will sell them tomorrow after the next early morning plunge,tomorrow though I think we get some buying so any short positions if the market does open down tomorrow, sell!!!
 
also Bought NUGT at $3.70 just now, for some reason I think gold might be the safest place people might run to sooner or later to park their money....
 
S2007S said:
He thinks we break the opening lows of this morning going into the afternoon.....

UH OHHHH

Wharton's Siegel: We'll test, possibly break morning's lows
Jacob Pramuk | @jacobpramuk
17 Mins Ago


Stocks could test lows reached after a brutal market open Monday, but equities should burst through a summer slump in the coming months, longtime bull Jeremy Siegel said.

"Once this storm passes, I think the fourth quarter could be very good," Siegel, a Wharton School finance professor, noted in a CNBC "Fast Money: Halftime Report" interview.

After a brutal drop last week, the Dow Jones industrial average and Nasdaq traded in correction territory, more than 10 percent lower than their highs reached this year. The Dow briefly plunged nearly 1,100 points shortly after the market open before recovering.

Read MoreDow down about 200 points, some tech names turn positive

The S&P 500 also dipped 100 points in the morning. The index gained ground into the afternoon, trading about 1 percent lower around 1,950.

Siegel noted that August and September typically yield choppy trading and may not provide the best gauge for market health. Earlier this month, he predicted a potential correction and said trading could turn "very rough."

The noted bull took a less optimistic tone on a previous call that the Dow could reach 20,000 this year. However, he contended the index, which has fallen nearly 9 percent this year, could still turn positive by the end of 2015.

"I still think we're going to be up for the year, and 19,000 is not at all impossible," Siegel added.

Read MorePotential correction could be 'very rough': Siegel

But not all traditional bulls remained as optimistic. Piper Jaffray on Monday cut its S&P price target from an optimistic 2,350 down to 2,135.

"We no longer believe the odds are in our favor for the S&P 500 to reach our prior target of 2,350 by year end, since history shows that recoveries from pullbacks/corrections have generally taken about two to four months to materialize," Craig Johnson, technical market strategist, said in a note.
More...
Anyone who listens ti Siegel will go broke, now the other fellow, sort of soft spoken that named a housing index after him, he's pretty honest.
 
Rickshaw Man said:
Anyone who listens ti Siegel will go broke, now the other fellow, sort of soft spoken that named a housing index after him, he's pretty honest.
More...


yea he is calling for 19,000 by year end after the dust settles......

should be quite an interesting site if it were to happen however I see less than a 0.10% chance of that happening, With china slowing and the world coming into a recession the dow will be lucky to get by 17,000 and stay there let alone 19,000 by year end...
 
cnbc is doing another special tonight at 7pm


Gotta love it....ahhh been waiting years for this and its finally happening....cnbc now trying to calm the markets by doing these pathetic specials....




GO
CNBC Special
Market meltdown
Live 7 PM ET
102938674-RTX1P37Z.80x60.jpg
 
You must log in or register to reply here.
Back
Top