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mmerlinn

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Let’s hope all the margin calls don’t come at once.
They always do because people are sheeple and everyone does the same thing at the same time. Call it crowd mentality or sheep mentality, but the result is the same - everyone bunches up at the same points, then something pushes them over the cliff.
 

Aubuy

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That's a baaaaaaaaaad sign

www.sheepshearing.net

"Cutting or shearing the wool off a sheep is called shearing. Shearing doesn’t hurt the sheep. It’s just like getting a haircut"
 

pmbug

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Is "PREC" short for precious metals?
 

DSAbug

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Is "PREC" short for precious metals?
Yep. The precious metals sector is extremely oversold. In his big newsletter he was saying that he expects PMs to rally big this fall.
 

ancona

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With the highest margin buying levels in ages, this "market" is over-ripe for a massive correction. When the dust clears, and the fires are put out, Warren Buffet and George Soros will be first in line to buy up all those cheap stocks for pennies.

Same as it ever was.
 
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mmerlinn

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Marc Fabers GloomBoomDoom report said:
BL: We don’t project a specific target because it depends on how people react as the market falls. However, we wouldn’t be surprised to see a 20‐30% pullback in the S&P and certain individual stocks fall much further than market averages.
A 20% pullback in the DOW would put the DOW at about 13600, just below the GREEN LINE in The Dow is looking very top heavy. thread.

This pretty much aligns with my contention that the DOW is going to test the GREEN LINE sometime after Labor Day.
 

DSAbug

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Look at the IWM.. The general market is much more sloppy than the Dow or SPY are currently indicating.
 
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