UNITED STATES equities look to be readying for a "tradable" move to the upside! Is it the last "hurrah?" It could be a good one and Statman comments.

in #investing5 years ago (edited)

Good morning my friends. Well lets stick our neck out a bit. It won't be the first time.
We said sell in Jan. (26,500), bought in April at 24,500 (we missed the bottom a bit!) And just recently announced we'd be out of the market shifting to metals.

I've said in every DOW JONES commentary we may well go to 28,000 Dow and 3000 S and P before it's over. Still, if it takes equity money to buy the metals, I 'd be a stock seller. We look long term. So we have 4 per cent "maybe to gain" in equities. Much much more going forward over the next 3-5 years in gold/silver.

dow 1010.png

If you go back about one week, we wrote flirting with 27,000 "things are getting "frothy". SENTIMENT said we pull back. Put /call ratios were getting to high. I said the don't worry be happy crowd showed little fear. But on ONLY a 600 point decline I said we'd rally back just three days ago (!) we are looking at surprisingly bullish numbers. Traders ONLY!!

To me it is like "playing with fire". 2019 is not going to be pretty...except for the metals and I believe BTC.

Let's see if the Sentiment indicators work again. It'll be interesting. Can the Dow gain 1000 (or more points) before "The party's over".

The above comments are my opinions. Please make your decisions based on your 'due diligence'.

Thanks for your support.

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@yankee-statman have a look at the resteemed post on my blog by @therealwolf (or directly at real wolfs blog) about getting steem on coinbase.
It's a great idea which could help us all out. Resteem it too we need maximum exposure.

Following...well done! Looking forward to more posts.

thank you very much...and the same back!.

To me it is like "playing with fire". 2019 is not going to be pretty...except for the metals and I believe BTC.

You believe that crypto is going to become something that investors believe is equal to or "new" metal.

I'm a precious metals person and have been since 2001...I have a suspicion Bitcoin will have a place (Blockchain)...many, many will not. What's your take? thnx.

I'm just a newbie and trying to understand what is going on.

In case we had bottomed in September, I would think that we are mooning till the end of this year and then again - very long and painful correction together with other markets. Since I do not believe that we have found a bottom yet, we are going to search for one till the end of this year... and maybe even next year. So, I do not know what to think.

I wish I had a "handle" on the cryptos as I feel I have in the metals and equities..after all that was "all I knew"..thanks for your support.

Today we had an answer - BTC went down together with big boys. So, for now it is not the same as metal.

right. an entirely different entity. ( I wish I had the same feeling as I do with metals....currency for 5000 years)..

I thought you said posts may become daily! Lol Your insight is valuable! 😁

Edit: Actually just realized you are posting that frequently. I just look at charts to much.😆

lol..and thank you..about to put up one now!! I always apprec. your support and input.

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