Because it hit an intraday low....? Time to retire those knee pads...
Hampton Has Shorted The Dow Today
- Thread starter Southampton
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Because it hit an intraday low....? Time to retire those knee pads...
I wrote this on another post... but it belongs here in Hamptons defense.
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//// redbaron1981 said:
When sentiment is bearish/sceptical yet the market is making all time highs you want to be long, not short.////
Very true. Its also true that when the market is hitting new highs and the sentiment is off the charts bullish... its time to get short.
From everything I hear,.... from this forum to CNBC to Bloomberg to friggin Whoopie Goldberg on the View... this market can go no where but up. I think me and southhampton (surf or whoever he is) are the only two skeptics in the world right now. The sentiment right now is ANYTHING but bearish.
And I'm old enough to say I've been here before and seen this before.
This rally is all about Trump and what people think he's gonna do. That's nuts! Maybe he will, maybe he won't.
But here's reality, aside from a few tech outliers... damn near every company I follow missed their top line this quarter.
And every day... the dollar gets stronger. You know what that does to U.S. based multi-national earnings? It kills em.
And then you have Yellin throwing a possible three more rate hikes on the table.
And may I point out that it was I who said numerous times months ago that the markets were going to hit 20K. My tagline was "DOW 20K is on the way". And I am going to be so bold as to say this market would be right where its at right now if Hillary had gotten in.
Markets move up drastically near term on hype... they move up long term on fundamentals. When they move up drastically on hype, fundamentals and reality ALWAYS settles in... and reality is going to settle in. I'll take any and all bets this market see's 18.5 before 21.5.
You guys are all being hoodwinked. Insights into the human psyche as it applies to herd mentality is the key to understanding market movements on a relatively short term basis. Long term... its all in the fundamentals. Buffet is not wrong, nor was Peter lynch.
Enjoy the party...
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//// redbaron1981 said:
When sentiment is bearish/sceptical yet the market is making all time highs you want to be long, not short.////
Very true. Its also true that when the market is hitting new highs and the sentiment is off the charts bullish... its time to get short.
From everything I hear,.... from this forum to CNBC to Bloomberg to friggin Whoopie Goldberg on the View... this market can go no where but up. I think me and southhampton (surf or whoever he is) are the only two skeptics in the world right now. The sentiment right now is ANYTHING but bearish.
And I'm old enough to say I've been here before and seen this before.
This rally is all about Trump and what people think he's gonna do. That's nuts! Maybe he will, maybe he won't.
But here's reality, aside from a few tech outliers... damn near every company I follow missed their top line this quarter.
And every day... the dollar gets stronger. You know what that does to U.S. based multi-national earnings? It kills em.
And then you have Yellin throwing a possible three more rate hikes on the table.
And may I point out that it was I who said numerous times months ago that the markets were going to hit 20K. My tagline was "DOW 20K is on the way". And I am going to be so bold as to say this market would be right where its at right now if Hillary had gotten in.
Markets move up drastically near term on hype... they move up long term on fundamentals. When they move up drastically on hype, fundamentals and reality ALWAYS settles in... and reality is going to settle in. I'll take any and all bets this market see's 18.5 before 21.5.
You guys are all being hoodwinked. Insights into the human psyche as it applies to herd mentality is the key to understanding market movements on a relatively short term basis. Long term... its all in the fundamentals. Buffet is not wrong, nor was Peter lynch.
Enjoy the party...
Catching my last herbal ice tea before flying out of here to the islands. Have a great Christmas and Hanukkah everyone!
I recall several geenyuss's saying similar in 09. Or was it 2010? Nah, it was sometime in the low teens. Come to think of it, I think it was last year. Or was that the beginning of this year? Time flies. Happy INVESTING to you.
Trade on, and Happy Holidays to all!!
Time flies.
Apparently stock valuations do too.
Never fear..."we'll grow into these valuations"-cnbc
Good luck with your certainty.
And what's with the gadget-laden photos in a journal thread? If you absolutely must draw attention to yourself, consider accessorizing with a feather boa. It's cheaper, so you can model your own rather than someone else's.
Rather a lot of ear gunk on that 2008 Dell.
And if thats not enough... lets look at the PEG ratio of the DOW, arguably a better metric.
Hmmmm.....Looks like an all time high there too.
I guess the Trump Rally is going to save the world and then some.
No problems whatsoever here on Mother Earth.
All is well.
Right.
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