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"40-year veteran of Wall Street with a knack for market timing calls a bottom in stocks"
Posted on 12/13/18 at 9:17 am
Posted on 12/13/18 at 9:17 am
quote:LINK
The stock market has reached a bottom following a tumultuous 10 weeks that's seen the S&P 500 in and out of correction territory, longtime strategist Jeff Saut told CNBC on Thursday.
"On Oct. 2, we had on our short-term model a sell signal and we told people if you have trading positions you should sell," said the chief investment strategist at Raymond James. "And we have put some of that money back to work."
"People are underinvested" in stocks, Saut said, citing his belief that the U.S. economy is not going to slow as much as expected and earnings will be strong next quarter.
This post was edited on 12/13/18 at 9:31 am
5
Posted on 12/13/18 at 9:22 am to LSURussian
Well my guy says plenty more blood on the way.
I like my guy.
I like my guy.
Posted on 12/13/18 at 9:23 am to LSURussian
Stick to the CNBS Script, Jeffrey
Besides Santelli, Cashin, Adami, Dan Nathan and BK CNBC is a joke.
Maybe they will trot out ole Warren today talking up AAPL without him mentioning he bought at the top. When he buys tech (IBM and AAPL) he can nail a top.
People are waking up to the con. Can't have a healthy market without trust. Impossible.
Besides Santelli, Cashin, Adami, Dan Nathan and BK CNBC is a joke.
Maybe they will trot out ole Warren today talking up AAPL without him mentioning he bought at the top. When he buys tech (IBM and AAPL) he can nail a top.
People are waking up to the con. Can't have a healthy market without trust. Impossible.
This post was edited on 12/13/18 at 9:26 am
Posted on 12/13/18 at 9:26 am to RATeamWannabe
We are just getting warmed up
Go look at yearly charts. After going parabolic we have put in a huge shooting star candle and broken many bull market trendlines. They have about 3 weeks to turn it all around. Better hurry
Go look at yearly charts. After going parabolic we have put in a huge shooting star candle and broken many bull market trendlines. They have about 3 weeks to turn it all around. Better hurry
This post was edited on 12/13/18 at 9:32 am
Posted on 12/13/18 at 9:34 am to RATeamWannabe
quote:The guy quoted in the link I posted has a ton more of information at his disposal than I ever will.
Well my guy says plenty more blood on the way.
My gut tells me we've got another down leg to go before we hit bottom. But I may just have gas.....
Posted on 12/13/18 at 9:37 am to LSURussian
The bulls better hope everything goes good with the trade war. That's their only chance.
Posted on 12/13/18 at 9:38 am to LSURussian
It's quite clear to me that this market wants to test Feb. lows. We probably stop around 2500 SPX and then counter back up to 2700 area early next year and then fall hard to around 1800 SPX.
Posted on 12/13/18 at 9:48 am to Hussss
If you guys want the best contrarian indicator, fade Dennis Gartman
Posted on 12/13/18 at 9:50 am to Hussss
quote:
Go look at yearly charts. After going parabolic we have put in a huge shooting star candle and broken many bull market trendlines.
Posted on 12/13/18 at 9:53 am to LSURussian
Why are you such a hater?
Posted on 12/13/18 at 11:09 am to Hussss
I'm not hating.
I'm just following the advice of one of the most successful investors (although not ALWAYS successful on every investment he's made) who ever lived, Warren Buffett.
I'm just following the advice of one of the most successful investors (although not ALWAYS successful on every investment he's made) who ever lived, Warren Buffett.
quote:
"Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
quote:
“If past history was all that is needed to play the game of money, the richest people would be librarians.”
Posted on 12/13/18 at 11:22 am to LSURussian
Warren has been nothing short of remarkable and has had major tailwinds to help him as during his lifespan the credit expansion that it takes to make markets rise the way they have is starting to tilt in the other direction for the forseeable future due to automation as well as spending habits changing rapidly.
Just think about it: the young ones hardly even buy cars any longer. They take Uber and Lyft. Could THIS be what oil might be telling us?
They are not buying many homes as they just can't afford to.
These are just a few examples I was trying to convey in another thread I was ridiculed in. But hey, I get it. I don't want things to change either as far as our standard of living goes.
Interesting times we are in...
Just think about it: the young ones hardly even buy cars any longer. They take Uber and Lyft. Could THIS be what oil might be telling us?
They are not buying many homes as they just can't afford to.
These are just a few examples I was trying to convey in another thread I was ridiculed in. But hey, I get it. I don't want things to change either as far as our standard of living goes.
Interesting times we are in...
Posted on 12/13/18 at 11:29 am to LSURussian
Also: watch what Buffett DOES, not what he says
Last I checked, his cash hoard was quite high so if he isn't buying equities way up here, why should the lemmings?
Last I checked, his cash hoard was quite high so if he isn't buying equities way up here, why should the lemmings?
This post was edited on 12/13/18 at 11:36 am
Posted on 12/13/18 at 11:45 am to Hussss
quote:That's just not true.
the young ones hardly even buy cars any longer.
Millenials tend to live in larger cities more so than their parents thus making car ownership less important to them but the U.S. still leads the world in vehicle ownership for driving age population at 96.3%. So saying "young one hardly even buy cars any longer" is a bigly exaggeration.
Plus, auto ownership is growing worldwide mainly due to the huge Chinese population buying cars where currently the per capita ownership rate is less than 15%.
quote:So the cars driven by Uber and Lyft run off of unicorn farts??
They take Uber and Lyft. Could THIS be what oil might be telling us?
quote:Home ownership in the U.S. is steadily increasing following a decline which bottomed out in 2016.
They are not buying many homes as they just can't afford to.
quote:You were ridiculed for good reason....
These are just a few examples I was trying to convey in another thread I was ridiculed in.
quote:When were times not interesting?
Interesting times we are in...
This post was edited on 12/13/18 at 11:48 am
Posted on 12/13/18 at 11:57 am to LSURussian
No, but most taxis, etc. are smart enough to use hybrids at minimum now.
That graph doesn't show the ages of the purchasers. So you are telling me that fresh out of college with plenty of student loan debt, a young person can afford to purchase a home?
Boomers and Gen X have already made their major purchases and will be downsizing and retiring, pulling more money out of the system.
You are right. Everything is going great for young people. Plenty of good paying jobs to afford whatever they need. Carry on...
That graph doesn't show the ages of the purchasers. So you are telling me that fresh out of college with plenty of student loan debt, a young person can afford to purchase a home?
Boomers and Gen X have already made their major purchases and will be downsizing and retiring, pulling more money out of the system.
You are right. Everything is going great for young people. Plenty of good paying jobs to afford whatever they need. Carry on...
This post was edited on 12/13/18 at 12:01 pm
Posted on 12/13/18 at 11:59 am to Hussss
quote:I don't understand what you think your point is with this post.
Also: watch what Buffett DOES, not what he says
Last I checked, his cash hoard was quite high so if he isn't buying equities way up here
Are you saying because Berkshire has a large cash position it means the stock market is about to crash?
Posted on 12/13/18 at 12:03 pm to LSURussian
I have never once mentioned crash. It could be a slow bleed, I have no idea. But I do know that things are tilting in a big way due to demographics and unless a miracle happens, the market has made generational highs this year.
Posted on 12/13/18 at 12:07 pm to Hussss
quote:
You are right. Everything is going great for young people. Plenty of good paying jobs to afford whatever they need. Carry on...
The job market is fine. Can a young person right out of college likely afford a house in an expensive real estate market? No, but neither could most of my peers 20 years ago.
Posted on 12/13/18 at 12:11 pm to fallguy_1978
Not that long ago, not only could a graduate get a good paying breadwinner job but could also start a family with an average blue collar job but the wife could stay home and raise the kids. Now in most cases, it takes 2 incomes to make ends meet.
Posted on 12/13/18 at 12:13 pm to Hussss
quote:Link? Or, are you just continuing to make up statistics?
most taxis, etc. are smart enough to use hybrids at minimum now.
And while Uber and Lyft compete with taxis, those drivers use their personal vehicle. So your statement doesn't apply to them anyway.
quote:Not every college graduate has student loan debt. For 2017 the average amount of debt for students with student loans is less than $38,000. That's not a huge amount.
So you are telling me that fresh out of college with plenty of student loan debt, a young person can afford to purchase a home?
The flip side of students with debt is that more people are now graduating from college than ever before which usually means higher lifetime compensation.
Of course, you probably believe having more people with higher education is a negative for our economy, not a positive.
quote:
Boomers and Gen X have already made their major purchases and will be downsizing and retiring, pulling more money out of the system.
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