Uh...manufacturing decreasing and overseas recessions. I'm not saying it's bad, yet. But we gamble on the future price, not the current evaluation. I'm not sure how you don't see this honestly. Where do you see continuous improvement in the economy?
Oh yeah, here are the technicals as I am a technical trader. 7 year trend line broken. Stock market rising 7 years straight with no pullback. I traded promos for a long time. If you take the chart of a promo and compare it to the past 7 years, it's obvious what is happening the next year. Promoters and insiders are cashing out on the backs of retail investors (the sheep) and shorting too on the way down to maximize profits. If you can see this as a technical trader, you need to stop trading and play roulette instead.
Love per ma bears on Spy board I know when i hear them talk long term BLAH BLAH and Crash. Love it too when they spout current ECO conditions.
Trouble is the market as already priced in that data. Trouble is the selling climax already happened. Trouble is Es in 5-3 (u know what that means). Trouble is weekly candle very nice. Trouble is when spx 1950 hits that's 9% correction not a bear. Trouble is most can not annotate a chart or read a chart correctly.
So when they come out load up on calls because you know they they are not objective and they are trapped. Love it when they say i will just buy puts further out.
So instead of saying i missed something or misread something they just say i will be correct in the future. Can't live in the future just in the now.
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