That is why you read the stockcharts. The big boys (hedge funds, mutual funds, brokers and banks) are the ones who run up and also, crash the stockmarket. It is not the legions of amateur retail traders without a clue. They are the ones who the big boys take monies from. A lot of ET trolls have called a market top and bear market like over 6 months ago and counting. All of them are wrong because those guys do not have a clue. When ET trolls start telling you to buy stock because it is headed for the moon, that is the time to consider getting out. Stockcharts should tell you ahead of time while, the ET trolls lose what is left of their monies as the market tanks.
The pros are getting ready for a market crash — retail investors, not so much, top economist warns
- Thread starter Bugsy
- Start date
When I hear top economist, I run for the hills. These guys have been wrong so many times, I have lost count.
Are these the same "pros" that were calling what proved to be the fastest and most violently bullish recovery in recent market history a "dead cat bounce"?
Or are these the "pros" that were saying it was a short until just recently?
(Now that they're saying it's not a short I'm actually thinking it may be a good time, no billions AUM d***kheads having to cover and squeeze me out?)
I mean he's got a point and I actually respect his opinion but he's literally telling us what we know already (and basically everyone has been saying for what months now?)
I guess what grinds my gears is I feel it's almost arrogant for them to title the article with what the "pros" are thinking given how just recently they've had there balls handed to them, ( as everyone may at some time with the market )
I guess none of us would get excited to read it if they title it what the d***heads at mega-bux financial are doing right
Or are these the "pros" that were saying it was a short until just recently?
(Now that they're saying it's not a short I'm actually thinking it may be a good time, no billions AUM d***kheads having to cover and squeeze me out?)
I mean he's got a point and I actually respect his opinion but he's literally telling us what we know already (and basically everyone has been saying for what months now?)
I guess what grinds my gears is I feel it's almost arrogant for them to title the article with what the "pros" are thinking given how just recently they've had there balls handed to them, ( as everyone may at some time with the market )
I guess none of us would get excited to read it if they title it what the d***heads at mega-bux financial are doing right
When they lose all their monies, they will say, like Maxwell Smart, missed it by this much.
I will say though, Warren Buffet selling out of a lot of his positions and buying Barrick Gold did set off a few red flags. Add to that we are coming up on a huge wall of resistance in the Dow. That being said, the beauty of being a technician is that you are able to see what the big boys are doing as it is happening rather than trying to guess when they do it long after it has already happened.
You're not trying to catch the ENTIRE move (of course we are!), just the majority of it which becomes possible using the charts.
You're not trying to catch the ENTIRE move (of course we are!), just the majority of it which becomes possible using the charts.
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Gold has been going up. Though, Warren Buffett has been known to be a fundamentalist and looks at the financial statements more than the stockcharts, he probably, has a couple of stock analysts in his employ that use technical analysis. Of course, if you are merely trend following, you see a stock going up, you get in with the reasonable expectation that the trend will continue for sometime. Your concern is not that the stock is going up, but, how long it will continue going up. Trend followers just follow the trend. We do not care. All we want is to squeeze as much profits, as much as the market will give us.
The further this market goes up, the harder it will fall.
,, Don't know any economist, who made it in this game" - W. B