we did not trade earnings YUM report... we were neutral... but we should have known after seeing DNKN
we warn everyone of headwinds and currency... we were laughed at... now they still laughing?
they all laughed at us when we say that... they still laughing?
don't forget 1989 October also was ugly, but lot more up
October then down in history, especially when index was going down into the end of September, so the pattern can't go down in September 10% and followed by another October Crash... in order for October crash the pattern has to have strong September that leads to an awful ugly crash October...
...we have never missed a crashed... we have always called them right... and the biggest lesson we can teach is that crashes never happen overnight... they have to develop like old photograph, needs time, like fine wine, needs time and right process
we asked this question cuz we knew October typically strongest month of year excluding tax month April
...we know, just thought we'd ask you all
argtam... we said more than a year ago... fair market value was SPX 1850 for 2014, this year for 2015 fair market value is SPX 1950... +/-3% variance is always expected... therefore the market still within our projection... that is why we have yet to panic in this market that appears to be ugly, but we very brave, we not buy high cuz we thought market at SPX 2135 was too ahead of itself...
...we share that with you and AEA and all our friends cuz we want to keep cool heads to think, and that's best way to manage money