Dows Crash 2016

Oscar Reed

Well-known member
May 19, 2015
2,010
560
123
#46
Always good for a laugh.
His view on Brexit doesn't add up with his view on democracy !
He is a funny.

Always bullish.

Used to be on sky business channel once a week.

But started to get death threats because he was so positive.

Not seen him on there now for 2 or 3 years.

End of the day he is just another vendor salesman, daily subscription fees.

Probably couldn't day trade himself out of a paper bag
 
Feb 28, 2007
38
4
18
#53
I have never seen this kind of persistent buying with no retrace. Surely the top has to be here soon! I'm short too btw!
 

Atilla

Well-known member
Nov 15, 2006
18,251
2,525
323
#54
We've had the consolidation and this is a new bull market according to some.

2200 on the SPX will become strong resistance until January.

Keep buying I reckon. Next week when Fed hikes rates, people will say we have entered a new bull market.

If they don't raise rates markets will still go up as free money will continue to circulate.

Everyone is feeling they've missed out and any falls will be bought out I reckon.

Trump's promised tax cuts and infrastructure spending. US economy all fixed in advance. Keep buying until the Senate say XXX! :cheesy:
 

NickBk

Well-known member
Mar 16, 2015
1,915
498
93
#55
If only we knew the panacea for the worlds economy was to vote for an egomaniac lying buffoon.
Do the complete opposite of what had been done for years and bingo the worlds economy is fixed.
There are so many inconsistencies to what has been proposed already but for now the people wanting posts or influence in the new administration are silent and Goldman Sachs, who would not lend Trump $100 are lined up to milk the working people all over again.
Trump can't believe that people who would have been embarrassed to be seen with him are now taking his calls. Diplomacy and etiquette are out the window and the Republicans who are for free trade and business are quiet to the proposed changes that actually are in many cases anti open business.
So buy big banks and energy for a while longer, let's close our eyes to the rising dollar and how they are now going to export to the world whilst being tough on free trade. There will be plenty of chances to sell in the New Year but for now all portfolio managers have to play the game get all the right stocks in their funds and look good for the year end beauty parades.

Rising rates will hit home on many fronts next year and how can this not end badly.
 
Likes: Oscar Reed

joseph1986

Well-known member
Feb 9, 2016
1,899
90
58
#56
If only we knew the panacea for the worlds economy was to vote for an egomaniac lying buffoon.
Do the complete opposite of what had been done for years and bingo the worlds economy is fixed.
There are so many inconsistencies to what has been proposed already but for now the people wanting posts or influence in the new administration are silent and Goldman Sachs, who would not lend Trump $100 are lined up to milk the working people all over again.
Trump can't believe that people who would have been embarrassed to be seen with him are now taking his calls. Diplomacy and etiquette are out the window and the Republicans who are for free trade and business are quiet to the proposed changes that actually are in many cases anti open business.
So buy big banks and energy for a while longer, let's close our eyes to the rising dollar and how they are now going to export to the world whilst being tough on free trade. There will be plenty of chances to sell in the New Year but for now all portfolio managers have to play the game get all the right stocks in their funds and look good for the year end beauty parades.

Rising rates will hit home on many fronts next year and how can this not end badly.
Ronald reagan caused 8% rally before inauguration....then 20% drop the next year.
So fed reserve retards suspend rate hikes by next summer.