here is the progression: 5,500/3,500/2,200-1000, by 2011 and return to a pivotal number by 2016.
550/350/220-150 on ES. Again by 2011 and the song remains the same…back to a pivotal number by 2016.
Japan back to 1981 levels….America will be too!!!
So if you Sovereign wealth funds and the like want to make money contact me. Pity the Saudi “Buffet”, Prince Al-Waleed. He got fleeced twice. When he bought CITI stock and never sold and then when he invested billions to bail them out at $25 or above. My guess is he has lost over $10 Billion. He could have had my advice much cheaper and kept his $10 billion. Pity he trusts MBA’s and prestigious Business Schools buffons running around as traders on Wall Street.
Stock mkt has always been based on the Greater Fool theory, its a piece of paper called a share…Citi is a $1, less than a 4 rolls of toilet paper.
Which do you value more- the TOILET PAPER OR A CITI SHARE!!! Yup, toilet paper.
Trade indices and commodities and you will never go wrong. Trade, buy and hold is not a strategy. Only time to use this “buy and hold” is long channel or down. Japan is a “buy and hold.'” 27 year lows at 7,000 and change.
When the YM and ES get to these 27 year lows…time to buy and hold, but all the investors will be broke by then and lament- “You can’t make money from the stock market.”
Fundamentals is really “Funny Mentals.”
RichMar 6, 2009 @ 10:11
When there is only one comment here at this time you know something is up:
THE MARKET! Despite AIG, 85% Wells Dividend Cuts, Merrill Trading Loss Probes, 651,000 new unemployed, and Penny Blue Chips.
Been going down so long no one can believe a rally.
Good call Rick despite front runners.
Remindful of Robert Rubin opposite George Soros’ boxcars in 1987.
Check out Clem Chambers going long in the terror for a London laff: http://www.cnbc.com/id/29545350
Regards*Rich
Comments on this entry are closed.
its coming 1-2,200 on the YM and 150-200 on ES.
here is the progression: 5,500/3,500/2,200-1000, by 2011 and return to a pivotal number by 2016.
550/350/220-150 on ES. Again by 2011 and the song remains the same…back to a pivotal number by 2016.
Japan back to 1981 levels….America will be too!!!
So if you Sovereign wealth funds and the like want to make money contact me. Pity the Saudi “Buffet”, Prince Al-Waleed. He got fleeced twice. When he bought CITI stock and never sold and then when he invested billions to bail them out at $25 or above. My guess is he has lost over $10 Billion. He could have had my advice much cheaper and kept his $10 billion. Pity he trusts MBA’s and prestigious Business Schools buffons running around as traders on Wall Street.
Stock mkt has always been based on the Greater Fool theory, its a piece of paper called a share…Citi is a $1, less than a 4 rolls of toilet paper.
Which do you value more- the TOILET PAPER OR A CITI SHARE!!! Yup, toilet paper.
Trade indices and commodities and you will never go wrong. Trade, buy and hold is not a strategy. Only time to use this “buy and hold” is long channel or down. Japan is a “buy and hold.'” 27 year lows at 7,000 and change.
When the YM and ES get to these 27 year lows…time to buy and hold, but all the investors will be broke by then and lament- “You can’t make money from the stock market.”
Fundamentals is really “Funny Mentals.”
When there is only one comment here at this time you know something is up:
THE MARKET! Despite AIG, 85% Wells Dividend Cuts, Merrill Trading Loss Probes, 651,000 new unemployed, and Penny Blue Chips.
Been going down so long no one can believe a rally.
Good call Rick despite front runners.
Remindful of Robert Rubin opposite George Soros’ boxcars in 1987.
Check out Clem Chambers going long in the terror for a London laff:
http://www.cnbc.com/id/29545350
Regards*Rich