we got the 4th wave pullback..we are now in the 5th and final wave up of the move..where she tops, no one knows but this is the final move to a juicy REAL correction where there will be NO 'V" bottoms this time
2015 will see the 20% down move
merry christmas and happy new year to all
stocks will bottom before the commodity does...and my guru thinks stocks are at a 5th wave low...gotta hold for a year though
its funny, lots of people on tv telling us where the bottom for oil is but NO ONE who called the top is on tv....get that guy to tell me where the bottom is..lol
UCO is another oil play but you have to file a K-1 for taxes..I learned that the hard way
2 of my gurus say oil is bottoming right here, right now...they say start to buy oil stocks..now remember, just because something has a bottom, doesn't mean its gonna go up anytime soon
basically, they are saying if you have a year long time frame, you'll make money buying today
i don't believe them but thats probably why they'll be right..LOL
i'm a firm believer, this market will never have a 20% correction ever again...those days are long gone..and I"m dead serious
so bearkskies have to play for 3,5 and the extrememly rare 10% corrections when they can and be happy
btw, we havent had a 10% correction in over 1000 days...the average is every 250 days..and no, the oct 'v' bottom doesn't count
is the correction over?
is this the end of the wave 4 pullback?
are we getting ready to launch wave 5 up for the 5th wave top with new all time highs?
housing stocks topped in july of 2005....the actual 'credit crisis' didn't hit the stock markets till 2008..remember the bear stearns 2 hedge funds that went belly up in august of 2008? I do
back in 2008, oil was the FIRST thing to sniff out the credit crisis...it started to drop in july 2008 and bottomed in march 2009
the baltic dry index is has almost been cut in half in 2 months..another sign of a pending credit crisis
the only thing keeping stocks up is the promise of a santa claus rally so PM's can get a bonus..THATS IT !!
stay thirsty my friends and NO ONE is even talking about the stuff I just told you
come on Leon...buy some stock today!!!!
go ahead...I dare ya...
see, its easy to say 'cute' sayings like that...much harder to actually act on them
btw, this is the weakest week in december..tax loss selling ..after this week is done...santa should show up
game over team...took my small loss..moving on
good luck to all that stay
yea thats interesting ..everybody is gaming the next bubble...we all know thats what central bankers do...btw, my guru is warming up to european exposure for the next few years..again, not a trade but a real investment...basically, he thinks europa is a few years behind us in the QE sense and wants to grab that like the US was a few years back...again, nothing new but you have to put it on the radar
what could possibly go wrong???!!!!!