Parabolic move is what we are witnessing..8-2020

[Overnight]

I can't find any justification to see why futures are surging. What or who could it be creating these overnight futres to zoom higher tonight?...

As we all know, futures always surge overnight. Even Cramer was surprised by it like 6 years ago. Yet nobody ever really does it. Maybe you can be the first to join the gravy train?

 

[noddyboy]

I can't find any justification to see why futures are surging. What or who could it be creating these overnight futres to zoom higher tonight? Dont see much news unless Hewlett Packard shipping many computers is it I can't seem to find much of anything. It has to be that feds printing press. I mean what else can all this propping up be coming from??? Hmmmmm.

Anyways more free money for everyone to enjoy. No need to work when the stock market prints free money for all. My prediction for dow 30000 is only 2 weeks away. Then its off to the races. Should see an easy 1000 point a month move up. So 34,000 and a Santa clause rally to 35,000 by end of 2020.Maybe if we are all really good we can squeeze up to 40,000 because with the fed printing trillions everything and anything is certainly possible.

Soon you can retire since your retirement account is long.

 

[themickey]

I can't find any justification to see why futures are surging. What or who could it be creating these overnight futres to zoom higher tonight? Dont see much news unless Hewlett Packard shipping many computers is it I can't seem to find much of anything. It has to be that feds printing press. I mean what else can all this propping up be coming from??? Hmmmmm.

Anyways more free money for everyone to enjoy. No need to work when the stock market prints free money for all. My prediction for dow 30000 is only 2 weeks away. Then its off to the races. Should see an easy 1000 point a month move up. So 34,000 and a Santa clause rally to 35,000 by end of 2020.Maybe if we are all really good we can squeeze up to 40,000 because with the fed printing trillions everything and anything is certainly possible.

I'm gonna become the leader of a newly created cult.
Only tunnel vision people need apply.
S2007S, I'll PM you an invitation to become the first to join.

 

[Nine_Ender]

I can't find any justification to see why futures are surging. What or who could it be creating these overnight futres to zoom higher tonight? Dont see much news unless Hewlett Packard shipping many computers is it I can't seem to find much of anything. It has to be that feds printing press. I mean what else can all this propping up be coming from??? Hmmmmm.

Anyways more free money for everyone to enjoy. No need to work when the stock market prints free money for all. My prediction for dow 30000 is only 2 weeks away. Then its off to the races. Should see an easy 1000 point a month move up. So 34,000 and a Santa clause rally to 35,000 by end of 2020.Maybe if we are all really good we can squeeze up to 40,000 because with the fed printing trillions everything and anything is certainly possible.

Almost all commodities are up. There are commodity based companies on the market. Many have lagged the overall market the last few years. Their revenues are often tied directly to commodity prices. The Fed printing press is only indirectly involved because it's devaluing the US dollar which is often bullish for commodity prices. Up until 2010, the TSX outperformed the SPX 7 years in a row. You know why ?

 

[Nine_Ender]

Soon you can retire since your retirement account is long.

Remember when he used to openly mock buy and hold types as "fools" who would never sell in a big correction or crash. Then it became clear in his more recent posts that he may have been one of those "fools". But frankly I don't believe a whole lot of what he says because he's not honest with himself.

 

[Thor]

I'm gonna become the leader of a newly created cult.
Only tunnel vision people need apply.
S2007S, I'll PM you an invitation to become the first to join.

Rickshaw is the unanimous choice for President.

 

[Specterx]

I thoroughly enjoyed selling highs this year, had been doing so for nearly 3 years/hedged. Nothing has changed, resumed selling Index highs/hedged, will keep dividend stocks and when topping structure takes place, stocks get hedged to keep open profits.

Volume looks horrible on new highs, nothing goes ballistic for long.

People, need to save emergency cash for 3 years in case of depression happens, very ripe for this to happen, should of let happen in 2008 and not bailed out banks. Best bank is fire proof safe at home. Gold coinage keeps value, time to dump real estate rental houses now. Let's see if you can pay mortgages with no rent coming in and can't evict them like now.

I think it was Chile number of years ago of hundreds percent inflation, they printed money too.

I will continue to buy stocks willing to go up, but they not long term holds, I have witnessed these patterns before in my time.

Cash is king.

Question - why would I want to hold cash if major inflation is coming?

Obviously there won't be a deflationary depression. It just isn't going to happen. If needed they will print cash and mail it out to citizens again, plus govt spending will explode after a likely Biden victory.

 

[Specterx]

Anyone long QQQ? I am. I assume no one else is.

I'm 100% long the Qs in one of my accounts (for long term plays).

Not sure what can turn this rocket ship around. Maybe major political violence coincident with the election. But for the moment it looks like we're heading to 400.

 

[murray t turtle]

Anyone long QQQ? I am. I assume no one else is.

%%
YES+ never assume that/LOL;
qqq/QLD…………………………………………………………………….IF I would have known forsure UPRO was going to do s0 well may have let profits ride more...………………………………………………………………...

 

[noddyboy]

Every oscillator has shown “overbought” for the last ten years.

And you’ve been saying that we’re going to zero for the past five.

It is incompetence to “time” the market without price confirmation. The Risk/Reward is shit.

Well said about risk/reward. So many here think of "right/wrong" rather than "risk/reward", and so they jump in front of the train because eventually the train has to stop.