I remember you saying at S&P 1800 it would pull back to 1650. Now you're hoping it "pulls back" to where you're only down 9%.
I'm dead serious I think a drop to even 1975 brings about a massive expansion of QE. Nobody cares that the Buffett indicator is almost double its long term average. In 2009 when it dropped below its average CNBC was all over it, now they never mention it.
Word is Chipotle employees saw Yellen ordering extra beans and went in to buy S&P futures on their Iphones. When she farts it's like the world ending.
I have it on good authority the Fed had an emergency meeting and when she ordered extra beans in her steak and cheese burrito all the workers on the line bought more stock on their Iphones. I mean when she farts the bears get reamed huge.
That's a somewhat conservative play. if you feel aggressive, 100% in SVXY options. Thank me later, this market rally is just getting started after 5 years of straight vertical. Could be 100 years in a row of gains.
Yes they do behind the scenes but I am saying if it shows under 200 we get an official announcement. Also, buy GM, it is going to the moon and back.
Now 2004. Hmmmm. I have a feeling when we're at 3000 he will be saying S&P will one day drop to 2000, lol
If you don't want to monitor anything just go all in SSO. Check out the return since 2009. lol
There's really no way they can let this drop since the real economy has done nothing since 2009. Without asset price inflation we got nothing.
He was adamant in the last two comments that S&P would hit 1000 in the next couple years. I wonder how long he'll cling to that delusional belief. Maybe at 3000 on S&P when his fund is $6.50 or so he will throw in the towel on that. How can anyone own this fund that lost over 20% during a 200% rally?