When we stated that we thought that up to a 2500 point correction could be coming, the thought process was that it would play out over the next quarter or so. The thought was based on the quick internal deterioration from the previous days combined with the MASSIVE, MASSIVE, MASSIVE bullishness, froth, speculation and all…
Wow! Wow! We have been the bears since the high and we are startled as to how this is playing out. We will have a gargantuan report over the weekend but just some words to the wise as futures are up today over 1%…of course after another 1,000 point drop. Pay no attention to Wall…
SOURCE: https://archives.warpradio.com/btr/investorsedge/020818.mp3
Another random wild day yesterday. If the market closed at 330 pm, would have said great day for Dow up 260 but NASDAQ lagged being flat…but DOW ended up down and NASDAQ smacked. The drop happened in the last 15 minutes. Eventually, the volatile days will stop but then what? Best guess…FOR NOW…that high volume,…
SOURCE: https://archives.warpradio.com/btr/investorsedge/020718.mp3
Cannot tell you how much I just wanted to vomit listening to McConnell and Schumer telling the country what a wonderful job they are doing to help the country and the American people. They have all become nothing but con artists. Schumer had the grapefruits to call it a “win for the American people.” Schumer…
Futures are down but were much worse a few hours ago. Received all kinds of questions on yesterday’s action and answered them all with an I DON’T KNOW! As I said, there was no edge yesterday except to take shots. Down 550 on the open, up 350 within an hour, drop back down and trade…
SOURCE: https://archives.warpradio.com/btr/investorsedge/020618.mp3
Just needed to reiterate what we said this morning. What we said is not by happenstance but by exhaustive studies of market action going back to the beginning. Simply put, when you get the move like we just had to the downside, volatility picks up in ways unheard of. We are amazed but not surprised….
We thought a good correction could happen some time in the first quarter or so. We did not know it would happen in 5 trading days. But this is what you get when you have massive leverage (margin) that gets unwound as greed turns into fear quickly. This is what happens when the markets decide…
