Thats all anyone wants to know after another agonizing day where the dow plunged 760 points and the s p plummeted 2. 98 and this is because of chinas latest move to retaliate against trump by turning the trade war into a much feared currency war. We had big milestones that make me want to call the bottom most other markets, thats exactly what ive been doing but in this market, i think we need to be more cautious because i fear an opening tomorrow that will suck people in only to revisit the lows we saw today and then some and im not going to let that happen on my watch weve reached a level where the downside to upside ratio was 10 1. 101 the late great mark gains said you had to buy something. You had to buy something you had to buy anything or youll regret it he did call the haynes bottom 101 call. I grieve with the latest we seen all kinds of stocks get thrown out even though they have nothing to do with china were listening to crazy theories could what could happen next people are b
Year have to hear this ridiculous trap and every year have to come out here and debunk it. These observations tell you nothing. Even on a day like today where the dow closed down 17 points. S p losing. 4 . This tells you nothing about tomorrow or the next month or the next year. So tiresome. But lets understand how this nonsense gets perpetrated so it doesnt mislead you. First, its true, there are patterns to things. We like to look at the technicals, right . So to speak because they show some patterns that you can try to make money from. We accept the fact that if a company has a pattern of missing its quarters then we shouldnt touch it until that pattern comes to an end. We totally buy into the notion when the fed raises rates. Thats a pattern you see time and again. Thats called economics but these other patterns, the season ones they just dont hold up under any scrutiny. For example i heard today this very morning that february can be a cruel month based on a bunch of bad februarie
But lets understand how this nonsense gets perpetrated so it doesnt mislead you. First, its true, there are patterns to things. We like to look at the technicals, right . So to speak because they show some patterns that you can try to make money from. We accept the fact that if a company has a pattern of missing its quarters then we shouldnt touch it until that pattern comes to an end. We totally buy into the notion that the economy tends to slow when the fed raises rates. Thats a pattern you see time and again. Thats called economics but these other patterns, the season ones they just dont hold up under any scrutiny. For example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. Today dr. Stanley fisher spoke at the counsel while he was certainly more dovish than hes been emphasizing data dependence he didnt take the rate hikes so, we did a rate hike. We should wait a considerable because of the worldwide turmoil since the last hike
We totally buy into the notion that the economy tends to slow when the fed raises rates. Thats a pattern you see time and again. Thats called economics but these other patterns, the season ones they just dont hold up under any scrutiny. For example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. Today dr. Stanley fisher spoke at the counsel while he was s certainly more dovish than hes been emphasizing data dependence and not the need for rate hikes he didnt take the rate hikes off the table but had he done so, we did a rate hike. We should wait a considerable period until we do another because of the worldwide turmoil since the last hike and then the averages would have roared higher today even as the softer commentsts would contend did provoke a rally. Does that mean if today would have been good we would have been in good shape for the rest of the month . Does that mean that we would call into question as january goes so goes th
It. These observations tell you nothing. Even on a day like today where the dow closed down 17 points. S p losing. 4 . This tells you nothing about tomorrow or the next month or the next year. So tiresome. But lets understand how this nonsense gets perpetrated so it doesnt mislead you. First, its true, there are patterns to things. We like to look at the technicals, right . So to speak because they show some patterns that you can try to make money from. We accept the fact that if a its quarters then we shouldnt comes to an end. We totally buy into the notion that the economy tends to slow when the fed raises rates. Thats a pattern you see time these other patterns, the season ones they just dont hold up under any scrutiny. For example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. Today dr. Stanley fisher spoke at the counsel while he was s certainly more dovish than hes been emphasizing data dependence and not the need for rate h