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The market got ahead of itself. Just playing catch-up now. If earnings continue things will start moving.
The times to buy are when things are bad or not great, just look at 2015, 2016 markets. Basically flat but they set us up for 2017 which was fantastic.
The times to buy are when things are bad or not great, just look at 2015, 2016 markets. Basically flat but they set us up for 2017 which was fantastic.
And by the same logic (which I do agree with, btw), the best times to sell are just when things look awesome. That was January, when the juice of the tax cuts was expected in the future. We are now IN that future, and there's only one way to go in the medium-term, which is down.
And by the same logic (which I do agree with, btw), the best times to sell are just when things look awesome. That was January, when the juice of the tax cuts was expected in the future. We are now IN that future, and there's only one way to go in the medium-term, which is down.
I agree and the market is doing just that. The positive earnings are all already priced in.
The market is running flat in spite of great earning reports everywhere. If you can't smell the bears breath you must have a head cold.
You aren't alone.
Carter Worth said again today the S&P is heading down, which he also said the day after the Feb. selloff adding then there would be no reversal till late summer (barring Trump doing/tweeting/saying something stupid, of course).
John McLellan the same.
Josh Logan today said it's going to be a rough summer.
Tim Stewart today said the lack of movement on strong earnings is a warning sign.
Plenty of - I'm beginning to call them shills - still publicly saying all the fundamentals still in place and by year-end the market will finish up. Meanwhile, I suspect they're playing the market on the short side.
You aren't alone.[indent][list]
[Plenty of - I'm beginning to call them shills - still publicly saying all the fundamentals still in place and by year-end the market will finish up. Meanwhile, I suspect they're playing the market on the short side.
Remember a lot of them NEED YOUR MONEY IN THE MARKET.
What does that even mean?
sell on may 1st? the 31st?april 30th?and if everyone knows to sell in may then why not sell in april? or maybe earlier to beat the crowd? when does it end?
It's an old axiom from an era when most of the investment class went away for the summer.
Quote:
One of the worst myths out there.
It's not a myth. It's an axiom.
Are you in the investment class? Going away for the summer?
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