Gotta love ZERO RISK in the SP500 = $$$

[SunTrader]

More "cracks" in the bull rally?

"So-called insiders have dumped more than $50 billion worth of shares since the start of May, according to TrimTabs Investment Research. August is on track to be the third month of the past four where insider selling exceeded $15 billion, TrimTabs said. Insider selling is at a pace unseen since 2006."

CEOs are selling stock. That could be a bad sign for the epic market rally

https://www.cnn.com/2020/08/17/investing/insider-selling-stocks-market/?hpt=ob_blogfooterold

 

[schizo]

He's into his sarcastic routine he pulls out when he's trading very badly. A few months ago, poster Schizo insisted the SPX wouldn't take out the ath again in our lifetime. Probably the worst forecast this site has ever seen.

WTF are you talking about?? Didn't I tell you to not jump the gun? We're still trading below the ATH.

 

[Covertibility]

https://twitter.com/x/status/1296888314520309760

1990's playbook: splitting stocks mean they only go up.

I own Apple but who the hell is running this thing up?

 

[Nine_Ender]

WTF are you talking about?? Didn't I tell you to not jump the gun? We're still trading below the ATH.

Wednesday 12 pm we were at 3398.92. That was above the old high. Apparently you survived long enough to see a new high on the SPX. The fact that it took only 5 months helps illustrate how ridiculous your comments were in March.

 

[Brianharvey]

Put it this way
5000 ES is guaranteed at some poin within like e5 years.
Will never go much below 1500
It is literally designed to go up over time. I was trying to tell people this at 1000 ES in the old ES journal, lol.
Even had a bet with, I think 'startraitor'? back when everyone was telling me were were 'over bought' lol

this post from back in 2017 is interesting lol
5000 es looking likely fairly soon now

 

[Covertibility]

Saw this over the weekend,

https://twitter.com/x/status/1296902912648544256

So a quick peek,

Swiss National Bank - Latest 13F Holdings


Central banks sure have changed over time.

 

[ElCubano]

Wednesday 12 pm we were at 3398.92. That was above the old high. Apparently you survived long enough to see a new high on the SPX. The fact that it took only 5 months helps illustrate how ridiculous your comments were in March.

it was not ridiculous back in March. Your post illustrates how easy it is when looking in the rear view mirror. Trust me I was buying but didn't hold long enough. lol.

 

[Amun Ra]

I own Apple but who the hell is running this thing up?

Some dude named Jerome. He works at the bank.

 

[Covertibility]

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For those that missed the run up from the bottom:

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[Nine_Ender]

it was not ridiculous back in March. Your post illustrates how easy it is when looking in the rear view mirror. Trust me I was buying but didn't hold long enough. lol.

From March 21, shortly before the bottom ( no hindsight needed ) :

Every correction no matter what the reason brings these guys out and they always expect worse then it is. I believe the US bull is still on longer term and this crisis is a huge buying opportunity with less risk then 2009. And the real problem these guys have is they got locked into things going lower and fail to fully participate on the up side.

You were arrogantly bashing others including me from day one. You spoke of a certainty that didn't exist and now think a black swan event will permanently change the markets for decades. Let's put a number on it. My guess is we go to at least 3000 on the SPX within a year. I particularly like the TSX at current levels as a lower risk more reliable play ( anywhere from 11500-11900 ). I say this with no certainty just a probability with good risk/reward.

I called for a recovery to 3000 on the SPX when all the permabears were high fiving themselves and debating whether 900 or 1500 was coming on the SPX. It happened quicker then I expected but my point is to predict we would never see 3400 on the SPX in our lifetime was absurdly stupid. Recall in 2009, there were numerous posters predicting we would revisit 666 on the SPX. So we just relived the whole dynamic again in hyper speed. I spent most of March researching and then buying value. The TSX dropped far more then the SPX so it was a special opportunity. Just a common sense move while many were losing their minds. TSX hit 11200 end of day March 23 below my floor guess for 24 hours.