The bottom is in...this time its for real

[riskfreetrading]

Quote from Port1385:

Could I ask you a question? Why in the hell you post such stupid article. The only predictions that matter are the ones before the fact.

I announced here on ET and on EFT financialtrading blog the bottom on November 21 at 2:37PM (go check it in the history).

At the time you may have been one of the people insulting me. Now that we are way away from the bottom, you become bullish.

When are you going to learn? Those articles are meant for people who buy at the top and sell at the bottom.

Stop posting worthless (damaging) information.

 

[Port1385]

I have not become bullish as of yet. The point of me posting the article was to really demonstrate the foolishness of such articles. Bullish articles predicting bottoms do not mark market bottoms. In fact, such bullish articles are when fools are made.

In looking at the charts, November 21st was an extremely oversold high volume condition where price went deep under the lower Bollinger. Funds usually are ending their tax-loss selling by that time.

I am honestly not certain if that was the bottom or we were just in a rally from November until now because everyone ended their selling.

In the next 5 days, the probability will become more clear. Today was a low volume day with many a trader off on vacation. We also hit the top Bollinger band today which usually marks the end of that classic trade where price sells deep under the lower Bollinger and then rebounds to the top.

Quote from riskfreetrading:

Could I ask you a question? Why in the hell you post such stupid article. The only predictions that matter are the ones before the fact.

I announced here on ET and on EFT financialtrading blog the bottom on November 21 at 2:37PM (go check it in the history).

At the time you may have been one of the people insulting me. Now that we are way away from the bottom, you become bullish.

When are you going to learn? Those articles are meant for people who buy at the top and sell at the bottom.

Stop posting worthless (damaging) information.

 

[IluvVol]

what perspective, idiot? My perspective is jobless claims, unemployment, consumer spending. Markets are completely irrational right now, does this mean we should throw ourselves against a running train? No, but I will for sure not proclaim this is all over because IT IS NOT! Lets wait till the future REALITITY is gonna get priced back into the market then we will see who was right.

Quote from stock_trad3r:

No one cares about the madoff, no one cares about the jobless claims, no one cares about unemployment. No one cares about retail sales. None of those things are a big deal at all when you put it in perspective.

 

[scriabinop23]

Quote from short&naked:

You give no proof that the bottom is in. Yes, the market always bottoms before the economy (wall of worry, etc.). But that doesn't mean that the decent won't continue and without further proof, you are simply gambling. The only other time a bear market ended with a P/E higher than 10 was in 2002-03 when the credit markets started giving out free cash. P/E is now at 20! 20 btw, is overvalued!

Look at a chart of the DJI in late 1929. The DJI then rose for 6 months before plunging further!

We aren't at 20. The top down estimates for operating earnings for S&P are around 60/share right now. That is 15.5 PE. Considering the 30 year bond has around a 37 PE right now, stocks aren't such a bad value. When valuing a market, I don't think 'as reported' estimates are as valid to use, since asset markdowns (which drive reported earnings down) will be lopsided in the recovery's earnings with asset writeups. Operating earnings provide a more normalized view.

The last time stocks had a dip under 10 PE interest rates were much higher.

This tells you how much cash there is floating out there to propel the next bubble higher.

I'm referring to S&P's estimates.

 

[R. Raskolnikov]

Stock_Trad3r is a paid poster of ET, he posts the way he does to generate web traffic for the site. He will deny it to no end but he knows he is compensated to post at ET.

Quote from IluvVol:

what perspective, idiot? My perspective is jobless claims, unemployment, consumer spending. Markets are completely irrational right now, does this mean we should throw ourselves against a running train? No, but I will for sure not proclaim this is all over because IT IS NOT! Lets wait till the future REALITITY is gonna get priced back into the market then we will see who was right.

 

[short&naked]

Quote from scriabinop23:

We aren't at 20.

We are at 20, and even 15 is high! Also, I never mentioned anything about high interest rates. I was talking about an over-extended credit market (not necessarily the same thing).

Also, the last time we diped below 10 was around 1982 and yes, yields were very high. However, we had already been hovering around 10-12 since before 1975--a time before high interest rates were put into place to combat inflation.

 

[short&naked]

Quote from riskfreetrading:

Could I ask you a question? Why in the hell you post such stupid article. The only predictions that matter are the ones before the fact.

I announced here on ET and on EFT financialtrading blog the bottom on November 21 at 2:37PM (go check it in the history).

At the time you may have been one of the people insulting me. Now that we are way away from the bottom, you become bullish.

When are you going to learn? Those articles are meant for people who buy at the top and sell at the bottom.

Stop posting worthless (damaging) information.

Careful of riskfreetrading... he has read every book every written on the markets!

 

[GreyBeard]

Quote from stock_trad3r:

The futures are surging

Dow 8,783.00 56.00 0.64
S&P 500 906.10 6.00 0.67
NASDAQ 100 1,218.00 5.50 0.45

All overseas markets had mega rallies. This mental recession and fake credit crunch is almost over. Time 2 buy tech.

Glad I didnt sell anything.

I like StockTrader3. He is the perfect contra-indicator.

 

[talknet]

Quote from talknet:

"Global financial crisis 2008" was just the "tip of an iceberg".

"Global financial crisis 2009" will be 90% of iceberg under the water

In real world, 90% of iceberg is under the water. Only the "tip of iceberg" is visible above the water. That's the reason "Titanic" sank. They did not see 90% iceberg under the water.

The worst is yet to come

Barak Obama is the captain of Titanic (USA Economy) and Obama cannot see 90% iceberg under the water. Obama cannot face the big and dangerous world out there.

In fact, World leaders cannot see 90% iceberg under the water (Global financial crisis 2009).

George Bush was the Best-ever USA president. Vladimir Putin and George Bush were good friends.

What further improvements and better policies can Barak Obama make/implement, which George Bush could not make. It's a dead end and there is no way out.

 

[luckyluciano]

Quote from talknet:

George Bush was the Best-ever USA president. Vladimir Putin and George Bush were good friends.

What further improvements and better policies can Barak Obama make/implement, which George Bush could not make. It's a dead end and there is no way out.

I hope this was a joke. If not, with stuppidity like this, the U.S. is surely doomed.