see, the problem is most people are unsure of what the market is going to do because of lack of their own intellectual capabilities. They think, "fundamentals are not there yet, things aren't looking good, market will not rally" Most people try to short the market(avj joe we r talking about). everytime the avj joe thinks he can make money, thats when its time to go the opposite direction.
You don't have to be a genius, you just need to understand how people think and how greed and fear works.
1. talk to old folks and ask them what they are doing with their money. Not the wealthy old, but avg old, just enough to retire.
2. talk to regular joe schmoes and ask them what they think about the market. when they say, "oh the market is so shitty, im taking my 10,000 out" or " Nah, im not getting in it, my financial advisor(jackass) will tell me when to get in" or people who just dont have a financial advisor and invest on their own and stay away from the market when negative news is floating around.
I am not saying you should jump right in, but there is a time when you should and that can only be achieved by experience of the market. The shorts will begin to get squeezed out which should send the indices up another 4-5%. That would mean we have recovered about 10%.
Then we could see another 5-6% rally when people start putting money in. Thats when new highs will be tested, if the indices close above the news highs for a couple of days in a row, then we could see another 5-6% rally. thats when the market is overbought, and you short the market as people will definitely panick. I am willing to offer my testicles if I am wrong. Mark my words. I started this thread a couple of days ago, I did not panick when next day market closed down a couple of percent.
Some of you are such fools for making fun of me just because of where I come from. But we all know majority of America is living pathetic lives. I am too right now, but by brains and common sense of how people think, I should climb the social ladder.
You don't have to be a genius, you just need to understand how people think and how greed and fear works.
1. talk to old folks and ask them what they are doing with their money. Not the wealthy old, but avg old, just enough to retire.
2. talk to regular joe schmoes and ask them what they think about the market. when they say, "oh the market is so shitty, im taking my 10,000 out" or " Nah, im not getting in it, my financial advisor(jackass) will tell me when to get in" or people who just dont have a financial advisor and invest on their own and stay away from the market when negative news is floating around.
I am not saying you should jump right in, but there is a time when you should and that can only be achieved by experience of the market. The shorts will begin to get squeezed out which should send the indices up another 4-5%. That would mean we have recovered about 10%.
Then we could see another 5-6% rally when people start putting money in. Thats when new highs will be tested, if the indices close above the news highs for a couple of days in a row, then we could see another 5-6% rally. thats when the market is overbought, and you short the market as people will definitely panick. I am willing to offer my testicles if I am wrong. Mark my words. I started this thread a couple of days ago, I did not panick when next day market closed down a couple of percent.
Some of you are such fools for making fun of me just because of where I come from. But we all know majority of America is living pathetic lives. I am too right now, but by brains and common sense of how people think, I should climb the social ladder.
