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You will see TNA less than $50 if Tom McClellan is correct. He is expecting a nasty sell-off into April of 2016.
The lows will be re-tested in one or two weeks after this bounce, so says Brinker. IF, let me repeat, IF the initial bottom holds, we are good for a rally. On the other hand, Tom McClellan is predicting a nasty sell-off into April of 2016, so the re-test due in a few weeks might not hold. Be careful. Keep some dry powder.
Hope you have a Plan B just in case you're wrong. This ETF has been known for taking off for long periods at a time and not looking back. Always cover your ASSets.
This may just be a bounce in a bear market. I see the jury as still being out on this. I am still short the sept. 18, 65 call against holdings. I may lose a bit of money when I buy back the call, but it is cheaper than buying sleeping pills worried at night.
no chance of that.
you forgot that the interest rates will remain at almost nothing this year and probably most of next yr... as long as that happens the US market will go up
China now is baked into the market.. so only up can happen from now on...
You must be smoking something..
that's a pretty stilly prediction
Almost every year, Aug to Oct are the worst months of the year, and the market almost ALWAYS goes down or corrects big, and the goes up again in Nov..... dah aha!
We could see TNA at levels approaching the 07-08 period. I hope you cut and run before now when we are in the $60s. If we haven't cratered as a civilization, I will begin buying in the $40s.
Where are the millionaires and billionaires you ask? They are tidying up their escapes and will be heading for their sanctuaries in the Caribbean, South America, New Zealand, etc. I know of one through his son. The story I got was that hundreds of thousands of acres were purchased in a certain SA country, staff, security forces hired, nearby town secured and bought off, plenty of reserves- food and arms laid in, a clinic built. Need we go into more? After their plaything, Obama, has wrecked us, they will be vacationing near some island, far from the burning ghettoes of America and as we are locked out of our savings accounts and pensions, we will all have to start over, those of us left here.
Sentiment: Strong Sell