Every one of my market calls played out according to plan during the past several months. Most of them are off by a few days, of course. I am not the Fed and I don't have insider info.
I maintain that there is no crash until hyper-inflation is on the headline.
The selling is fake today. No volume. By 3:00 pm short covering will lift the market to green.
In this so-called market, only the US Fed matters. All other business bs news are just made-up storied to fill the headline.
It will be a green close, and rally will be back tomorrow.
When the front pages are filled with scary stories, it is time to go long. The Fed is still in control, no hyper inflation yet. So don't short.
As I predicted, there is the mini-crash into the new year.
But don't be fooled. Rally will be back next Monday. This Friday is going to be a quiet and flat day, maybe down a little, and that's the perfect time to join the up-coming (I hope it is the last but who knows) "rally".
Happy New Year, bears!
2015 will be just like 1999.
The bears (and I am one of them) had better take it easy. This house of card will collapses, but it does not happen over-night. Watch for the sign of hyper-inflation and that's when you make a serious bet.
Meanwhile, merry christmas and happy new year, and say thank-you to Fed's gift.
No. The Fed is bailing out multi-nationals such as GE who has a truck load of investment over there. They need to get out first.
The rest of the week will be very interesting. Fake bears real capitulation won't start until Friday.
fake or not, bull or bear, I would not short this piece of #$%$ market until late Jan next year. No need to fight the Fed easy money. Make some money, be happy.
When the dust settles down, the fake bears will be wiped out. SPY will re-test all time high this week.
SPY is aiming at that target today (what I mean is that central planners are aiming at that target). Whether it can get there or not depends on how much bet the fake bears have put down this morning and yesterday. When central planners are still in control, there will be no real crash.
That's not the typical Fed. The Fed has been and should be in denial in front of any crisis. She will say the world economy is doing great. There is no crash before hyper inflation becomes a reality.
How can the gov pull the plug on the ponzi scheme when it has wars on several fronts? All of these oil price drop is planned and coordinated. The gov is not panic, the small-time-buy-at-the-top kind gamblers are.