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We are most likely in a multi-decade mega trend secular bull market - and you'll have plenty of time to reap rewards - but you need to have the right mindset. Risk is what creates opportunity. When there is no perceived risk, there is no opportunity.
 
Birchtree said:
We are most likely in a multi-decade mega trend secular bull market - and you'll have plenty of time to reap rewards - but you need to have the right mindset. Risk is what creates opportunity. When there is no perceived risk, there is no opportunity.
Click to expand...

Try saying that same thing next time the market does another 9% dip... you seem to only spout your BS (reminder, Birchtree Sentiment) when the market is up big... remember my BT timing model where you can time your short by how many posts you have on a big up day???

You tend to be less consistent than some claim... we still love you :)
 
So I guess I'll be spreading around more sweet smelling superlative bull manure tomorrow too. When the first 5 days of January was up and January as a month was up then the whole year ends up 95% of the time within this stage of the presidential cycle.
 
Birchtree said:
So I guess I'll be spreading around more sweet smelling superlative bull manure tomorrow too. When the first 5 days of January was up and January as a month was up then the whole year ends up 95% of the time within this stage of the presidential cycle.
Click to expand...

Sadly, so true... waiting for Mom & Pop to start buying, then I will wait for the next dip to buy. Not willing to buy at these highs (yes, I know BT, you don't have to say it).

Congrats to all the Bulls and the Buy & Holders !!!

Bears, I can sympathize but it looks like I saved myself from another 3%+ loss again today because I sold a few days ago... Still on the sidelines...

View attachment 24473
 
As earnings start coming in remember that multiple expansion is the hidden lever that turns modestly higher earnings into much higher stock prices. This market appears to be in the heart of a 3rd wave which is generally the strongest part of a 5 wave move. Besides, bull markets have a tendency to make everyone look smart.
 
Well, seeing that the overnight futures are holding up with even more bad economic news out of china, it looks like we are in for more bullish gains.

If we close above 1676.63 on the S&P tomorrow, I will probably go to the C-fund on COB Monday since we have closed at an all-time high and confirmed that move. I will then probably stay there for awhile and see if I can get some gains. Will probably stay out of trading my IRA for awhile to lick my wounds and figure out a better game plan.

G'nite everyone!!
 


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So, a couple days in Nashville...

Went to the Cowboy Church yesterday morning, then went back to the resort for a quick lunch and headed to downtown Nashville to walk around.

After a few hours of walking around, we stopped by the Wild Horse Saloon for dinner, line dancing, and live music (Larry Frick). Was a pretty fun night. We bought cowboy shirts, but my wife couldn't convince me to buy a hat (besides, decent ones are around $200 :sick: ).

Well, we are going to meet folks who I was stationed with over 20 years ago and then do some more site seeing...

I am glad I am on the sidelines after quickly looking at the market and seeing that the bulls are large and in charge.

I really feel for all those bears out there... Looks like the bulls' bear skin factory is in full swing!!
 
Just a quick note... I am SOOOO glad I sold a week ago because the bears are still getting slaughtered. Kinda wish I had gone long to make up for the stupidity (aka going short) I had, but I am still on break.

No matter the hope that the bears have because the markets actually stop going up for a few hours... the bulls take over and begin making bear skin rugs once again.

Good luck to all those people who are short and continue to get slaughtered!!

Have a great week!!
 
Wow, took another quick look at the markets this morning...

Sorry for anyone in short ETFs... Bears are getting taken out back to the woodshed.

I just saw a fake print on TOS on the SPY 170.46 which would put SPX ~1710

Sorry Bears :sick:
 
There are still plenty of bears out there that need their claws trimmed - they'll bleed all the way to the intermediate top which is many months away.
 
Well, well, well...

Another day, another bear beating... good luck to those burning your money in the back yard!!

It is interesting to note that the leaders on the AT (aka, the non-buy and holders) are now out of equities...

Maybe (not likely) it is time for a pull back...
roflmao.gif
 
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