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So Laslo Birinyi just called the bottom on CNBC...
- Thread starter blackchip
- Start date
Quote from DeepFried:
I don't care if you're George Soros if you can't add any value to the discussion at hand. So get over yourself, take a big valium and YOU shut the fuck up, you fucking moron.
Show some cred. All you've done is name call.... man up or accept we all see you as another loud-mouthed, worthless, PUSSY!!!
Quote from Pa(b)st Prime:
On the other hand his macro analysis was spot on. As we both know the subsequent Fed fueled rally commencing that October was a short sellers nightmare.
I'm open to a bit of a rally for a few reasons.
1. My technical work is more bullish than bearish.
2. While P/C ratios aren't at crash like levels-to wit the VIX is below 20-call buyers haven't emerged with any sort of enthusiasm. The rally is still mistrusted. Mistrust means shorts and shorts mean squeezes.
3. Earnings expectations are low. Throw in a weak dollar with a lot of inflation and an extra couple of cents beyond consensus can come from most anyone.
4. Some of this stuff broke so hard from their highs that even the most modest of bounces is enough to take an index sharply higher. It's not like the CAKE's of the world or even the C's can't trade up another 20% or more on air. Not to mention the CAT's that keep on purring.
5. It's the 70's not the 30's or 2001. Upside bs will be a twice a year event.
Re #1 - same here.
Re #2 - The VIX broke below its 200 day MA this week. The VIX broke below its 200 day MA in August '06 and the market went straight up for the next 6 to 7 months. I'm not saying that will happen here but it's something to consider.
Re #3 - Excellent points. Psychology re earnings was about as bad as it could get.
Re #5 - Agreed, but it'll be interesting to see if the cycle plays out faster in 2008.
Quote from DeepFried:
<i>I'm</i> name calling? LOL.
Could you please post a picture of your trading trophy? That would be awesome.
Show me ANYTHING you've accomplished.. then I'll consider whether you deserve a response.
I've made $Millions...
My results have been written up in IBD and Barrons.. Public record
I've had a #1 rated Investment Advisory Service.... Public record
You got anything worthwhile?
So far I see you as a do nothing, know nothing, accomplished nothing, paper trading, loudmouth, PUSSY... show me otherwise.
Quote from DeepFried:
Wow, you're awesome. I'm sure all of ET thinks so. And that's really, really, <i>really</i> important to you, isn't it? What other people think? Didn't your mother hug you when you were a child?
No, really, post a picture of your trophy. I bet it's really big and shiny.
Everybody's reading you. YOU GOT NOTHING, and we all know it....
Might as well take your handle to a Yahoo board and save what little face you have left.