Has the Bull Market lost it's luster

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3 months 5 days ago #124678 by Gambler
Gambler replied the topic: Has the Bull Market lost it's luster
Yes, he said the market was a bubble seeking a pin.

I posted quote on Zonte topic

www.playstocks.net/index.php/forum/junio...-zonte-metals#124677

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3 months 1 week ago #124647 by GoldnBoy
GoldnBoy replied the topic: Has the Bull Market lost it's luster
I think Ron mentioned the markets were a bubble, just needed a pin. Looks like the pin has pricked

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3 months 1 week ago #124604 by alexgreat
alexgreat replied the topic: Has the Bull Market lost it's luster
How much more is China hiding? Jitters over the virus are sending investors to safe haven assets following another upward revision in cases, which now stand at 75,465 in China and 2,236 deaths nationwide.

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3 months 2 weeks ago #124578 by Gambler
Gambler replied the topic: Has the Bull Market lost it's luster
As he does quite often, Ron nailed it again giving us the heads up.


Apple slipped 3.3% premarket after becoming the first major U.S. company to say it won't meet its revenue projections for the current quarter due to the coronavirus outbreak. "Work is starting to resume around the country, but we are experiencing a slower return to normal conditions than we had anticipated," the company announced, adding that "stores which are open have been operating at reduced hours and with very low customer traffic."

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4 months 1 week ago #124414 by DearJohn
DearJohn replied the topic: Has the Bull Market lost it's luster
Not a prime time to be heavily invested

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4 months 2 weeks ago #124317 by JunglistGuy
JunglistGuy replied the topic: Has the Bull Market lost it's luster
Saw this at Seeking Alpha today

The recent Big Tech surge is good news for anyone chasing the sector higher, but several strategists highlight it's a sign investors have lost their risk appetite. The top five publicly traded American companies - Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (GOOG, GOOGL), Amazon (NASDAQ:AMZN) and Facebook (NASDAQ:FB) - now make up a record 18% share of the S&P 500 Index's capitalization. That ratio is higher than the tech bubble, according to Morgan Stanley, amid fears the economic cycle will slow.

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5 months 3 weeks ago #124087 by alexgreat
alexgreat replied the topic: Has the Bull Market lost it's luster
Something is wrong in US financial markets but media ignores to report,

Last Thursday, U.S. Treasury Secretary Steve Mnuchin was the sole witness called before the House Financial Services Committee to answer questions on the state of financial stability in the U.S.

During the hearing, Mnuchin was grilled time and again by numerous Republicans and Democrats on what is necessitating the Federal Reserve Bank of New York (New York Fed) to be pumping out hundreds of billions of dollars per week to Wall Street trading houses via the repurchase agreement (repo loan) market.

But instead of reporting on that critical line of questioning and Mnuchin’s lack of meaningful answers, when the New York Times reported on the hearing it focused instead on a tiny aspect of the hearing. Its headline read: “U.S. Objects to World Bank’s Lending Plans for China.” It made no mention at all of the still unexplained but ongoing repo crisis on Wall Street.

wallstreetonparade.com/2019/12/congress-...vent-heard-about-it/

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1 year 4 months ago #121904 by alexgreat
alexgreat replied the topic: Has the Bull Market lost it's luster
Great interview here with Jim Rogers, back in November he US bull run was done

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1 year 5 months ago #121776 by DearJohn
DearJohn replied the topic: Has the Bull Market lost it's luster
Looks like a relief rally finally underway. Check chart of the day, another good signal on temporary bottom with record put/call ratio.

I bought a couple of the gold call options also, looking good

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1 year 5 months ago #121771 by alexgreat
alexgreat replied the topic: Has the Bull Market lost it's luster
Ron, S&P down 10 days in a row, many technicals over sold, RSI, MACD. If markets stays where it is, we could get a doji candlestick. Maybe a reversal after XMAS??

Oh and I bought one of the Gold calls, up about 100%

Attachments:

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1 year 5 months ago #121770 by lynnsa10
lynnsa10 replied the topic: Has the Bull Market lost it's luster
According to what I read on Seeking Alpha news

Treasury Secretary Steven Mnuchin held calls on Sunday with the heads of the six largest U.S. banks in order to ensure liquidity and made plans to convene the "Plunge Protection Team." The group, which also met in 2009 during the latter stage of the financial crisis, includes officials from the Fed and SEC.

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1 year 5 months ago #121769 by Hoss
Hoss replied the topic: Has the Bull Market lost it's luster
Don't like to add more bad news, but the average bear marker declines -41% after the first 20% is loss. That would take the S&P down to about 1400

Ron I bought a couple of the Gold call options, doing very well

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