Algokid
Long

UPDATE : (still)LONG SPY

AMEX:SPY   SPDR S&P 500
I'm still long SPY             despite all the noise and BS i see on CNBC. Over the last two weeks, so called "experts" have appeared on Business Television shows, to either call the top and say the market will crash like in 1987             , or expecting the S&P 500             to go up for another 28 %.....Seriously?? My favorite quote comes from Stephen Auth, Chief Investment officer of Federal Investors, AKA "wall street GURU", see quote below

"Market valuations depend on growth, bond rates and perceptions of risk, and all three of those are going in the direction that actually expands the price/earnings multiple. " o_O, What ??? If you have any clue what he just said, please elaborate in the comment section.

I'm keeping it simple and have no clue where the market is going. All i know is that the SPY             is still above its 200 MA, therefore I remain long. Trade is up 64.36 % since December 2012.

Cheers

Algo





Hello Algokid. I don't mind hearing what people say on tv. Everyone is just doing their best. I understand what he is saying very well and it makes sense. What we need to keep doing is figuring out what everyone thinks and believes, then we can figure out where the market is going. The hard part about figuring out the market is just understanding who has money and what might they do with it. Bull markets live on cash (on the sidelines) and skeptics (meaning they have cash on the sidelines) and negative attitudes (about risk/economic growth/corporate earnings/volatility of all things financial). If you can figure out when these measurements have found a logical threshold, then you have something valuable. There is nothing magical about any method, technical or fundamental. Really. It all boils down to whether you can follow your own advice after it has bitten you in the 'behind' a few times in a row with stinging losses. So, please don't put down other people for the way they look at things, just try to interpret what they are saying and weigh out the evidence. We can all be gentlemen here and help each other out. All the best, Tim
Reply
+1.

Only idiots call tops and bottoms with NO real evidence.

Oh, the market just went down a candlestick? THIS MUST BE IT!!! That's been happening for the past 3 years.
Reply
Algokid PRO masud786
Yep, people just hate this bull market.
+1 Reply
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