S&P 500 May Jump 70% on Valuation, Economy Rebound, Fisher Says

Quote from jnorty:

Brandon you think you're talking to some wet behind the ear guy? i'm one of the most hard core day traders out there trading with broadway in the late 90's with some of the best traders of all time and making 7 fig's almost every year for the 10 years.I could give 2 shits wether the mkt runs or crashes as i'm pouncing 1000-2000 times a day. I'm simply making conversation about wether the bottoms in and I SAY NO. wether it is or not will have no bearing on another 7 fig year in 2009. I'm fighting no trends.
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So basically you are a daytrader who is trying to debate with a longer-term trader about longer-term direction in a thread about long-term direction. Yet you won't take any longer-term position either way. Seems rather pointless.

If you have conviction in your view, why not trade it and make more money? If you don't trade it, then you don't have any conviction in it.
 
Quote from Brandonf:

That's exactly why. You can fight it, you can bitch and kick and scream all you want..and the only thing it's going to do is empty your wallet.

I'm not a permabull, or a permabear just a trader. I have a well documented track record over the years. From the bottom in 1998 up until December of 2000 I was telling people to buy big cap tech with both hands. In December I switched and said go to biotech and we did that until the end of January and which point I told people to go to cash. In April I said you could short.

After September 11th I bought networkers and airlines until December, then went back into cash until the bombs starting falling Iraq in 2003. Stayed bullish until 2005, at which point I became ill.

At the end of 2007 when the DOW was making new highs, I sent out letters to my subscribers litteraly begging them to move into cash. More significantly though then that I was managing over $10million at that point, and I moved all of it to cash. I did this even though every single client I had objected, many of them pulled funds from me because of this move. It was the right thing to do though.

You see, I do base my opinions on market actions and facts. What I "THINK" should happen because of this or that is not material at all.

Right now the market is very bullish and there is no reason to be short.

As I said in my post as well I'm not really compelled to buy very much right now, but to be short is to be an idiot.

If you care to take the time to go through my posting history you will see that I'm not just selecting the ideal situations as everything I've done over the last nearly 1 decade is well documented here on ET.
Brandon
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Would you be so kind to share us your view on precious metals and oil?

Thank you in advance.
 
Quote from Debaser82:

Would you be so kind to share us your view on precious metals and oil?

Thank you in advance.
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Oil is easy to predict. See Goldman´s research and do trade the opposite ! :D
 
Quote from blackjack007:

notice how he failed to give a specific timeline.. lol.

i hereby predict the dow will surge to 20,000. (one day i'll be right!) :D
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S&P 500 Will Rise to 1,100 This Year, Leuthold Says

Leuthold, 71, who helps manage $3.2 billion as founder of Minneapolis-based Leuthold Weeden Capital Management, said most investors should have 65 percent of their assets in stocks.
 
Quote from ByLoSellHi:

Isn't this guy from IBD?

I think their top 100 stocks probably fared the worse in the last 12 months of any publication I've ever read.
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Even though I subscribe I read little beyond the editorials and news-I have little interest in individual equity names.

However one of my best friends works for Bill O'Neil and I know for a fact that O'Neil and the traders were not only out of longs but short VERY early in the break (i.e. 1400 SPX). We share research and the 1937-38 fractal was big with all of us. Actually they've dropped some money the past month on the short side.
 
sp500-vs-put-call-ratio-equity-20d-sma-params-3y-x-x.png


http://www.indexindicators.com/_charts/sp500-vs-put-call-ratio-equity-20d-sma-params-3y-x-x.png

Next leg down in preparation, IMO.
 
Quote from Covertibility:

Ken Fisher

One of a few goodies:

12/10/07 : "...there's room for more of a bull market ahead. I want to be the first to say we definitely are in a New Era of above-average returns...I'm expecting another above-average year ahead, an easy one. ...buy stocks and be happy."

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This guy should be a fixture on Kudlow and Kronies.
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Agree, this is the man who said the US consumer was actually not carrying enough debt.....................................
 
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