Klumpsy: Ever hear of the term: " Correction ? "..Haven't had one in a few YEARS.. Once we hit 10%.. get in and buy...
-500 or more down days.
We may have one today or Monday.
DOW SINKS MORE THAN 500 POINTS:
What day in AUGUST 2015. Lets have a contest. Past history based on my recollection, I remember these days like they were yesterday.
AUGUST 2011 -500
DECEMBER 2008 -521.76
Descending triangles downward slope, any rallies are blown through on extreme volume. My lord, this is really impression, just massive selling, very little buying pressure, fake rallies to try and stop, I wouldn't be surprise to see a DUMP in the last hour.
impressive small cap rebound this early afternoon in Russell 2000 and S&P600__will it hold??
2day has offered another entry point in banking stocks (mid January was the last one)__a sector that has had impressive money flow and relative strength. This sector is historically out of place in the cyclical recovery cycle__most likely due to 2008 fear overhang and regulatory over reach.
Why don't you ultra short the telecoms -2X with an etf? Or ultra short the S&P -2X, both these are extremely overvalued and have extreme negative fundamentals. Energy and materials are good short also, only the big companies with the high costs and high dividends that are going to get cut.
I would like to repeat what I said on August 12 and share this again with my mutual friends on the AGNC board. You should all be coining gold in my recent recommendations. UUP, DXD, LARK and shorting mREIT'S, etc. My small bank stock is up over 4% on a huge down day LARK.
August 10 I recommended DXD at $21.02, today it is almost $24.00, a $3 or 16% gain in 11 days. Still a good buy, DXD is ultra short the DOW. Also, I recommended shorting Apple withing $1.00 of its high, both working real well. Every market internal is flashing a 10 ALARM SELL SIGNAL, no liquidity anywhere, margin calls and massive cash raise going on of the likes never seen before. We are no where near a wash out, capitulation.
You have to admit, I am the only one with an accurate record. I predicted a Massive Downturn will start this week on August 17. It is August 21, pretty good prediction, I will have to pat myself on the back. 20-30% descending triangle down, then rally and then another downturn, descending triangles, lower lows and lower highs.
MMA accounts at banks are paying 1.0 -1.25% two years ago it was .05-.10%, interest rates are rising. The FED fund rate is behind the markets, they will have to raise fast, they can't blame the FED for the market downturn, as Greenspan just said, it was a private sector bubble the gov. has nothing to do with rampant speculation.
What a profound statement from a loon such as yourself. Maybe.. Maybe once this year, and that increase will only be .25 basis points and that in itself is already baked into the markets. Your commentary is nothing but gibberish and should be taken that way by all. As I stated previously, you are nothing but a loon.
Bingo, and that's why I'm long duration in pretty much every way possible (except credit). REITs were a very simple way to express that except now the odds of a dramatic continued curve compression will nick their divs.
They have to..there is too much capacity for the demand we have, hence, price cutting etc. Oil will keep dropping the FED needs to raise rates very fast and much higher to liquidate all this excess capacity. The consumer and business is debted out. The consumer borrowed like there was not tomorrow, businesses borrowed to buy back their own stock and inflate stock prices and expand and grow when there is stagnant demand from demographics. Dumb, dumber and dumbest.......MASSIVE CRASH COMING......the whole world needs to purge and get rid of 40-50% excess capacity. Markets will crash 90-99%, there is no liquidity, nada, none, Zero Percent interest did that too.
Not really.....deflation was enhanced with zero interest rates, which led to mal-investment in capacity in various industries to create high yielding securities to replace the passbooks and money market accounts at banks. What we have not is way too much capacity and stagnating demand. YOU NEVER NEVER NEVER promote investment in more capacity (which zero rates did) when demand is stagnant from worldwide demographics, baby boomers retiring and not consuming as much as when they were in the 30's and 40's. Unless someone comes out in with a youth pill that takes 30 years off your age, WE ARE HEADED INTO A MASSIVE DEFLATIONARY DEPRESSION with yields rising. We need to discourage or force into liquidation one massive amount of capacity in almost every industry, much of this was added in the last 6-7 years from the FED's zero percent policy. This is same policy that was promoted by Federal Banks globally in the 1920's, to keep the economy roaring for 9 years without no correction. My how history repeats.
Low interest rates has cause more deflation.....the FED wants much much more inflation..... and they just figured out that the low interest rates encouraged very dumb investors to seek yield in industries regardless of long term results, all they want was current yield, since zero yield was too hot to hold. Hence, restaurant industry expanded double digits, the oil industry expanded triple digits over past 7 years, unlimited capital seeking 4-6% yield, they went drilling, storage and transporting oil all over just to sell stock and pay a dividend, beats working for someone. Retail did the same with 2% bonds.. Automobile industry did the same, it was like free money, easy to expand and grow for the short term. But investments are made for the long term and "Zero Percent" interest rates has produced way too much capacity in almost every industry. I would short the DOW, S&P, Russel, every index, over capacity everywhere, globally. There are too many restaurants, too many oil drillers, too much oil above ground, too much oil in storage too much oil in transport, Exxon has more ships in history sitting out in the oceans storing oil that no one is using. McDonalds sales has been dropping three years in a row. Walmart just report another quarterly drop, not enough consumers or too many suppliers, SHORT EVERYTHING......zero percent interest rates distorted the whole economy, the economies throughout the world resemble the economies of 1926-1929, when the national banks promoted near zero percent money distortion to keep the roaring 20's roaring for 9 years, it always ends in a real big bang.
I recommended this two years ago in the 50's, three months later it was in the mid 80's.,...not bad for 30 points plus.