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re: Stock market predictions 3/20-11/3
Posted on 3/22/20 at 8:31 pm to Threelot
Posted on 3/22/20 at 8:31 pm to Threelot
quote:
I expect S&P futures to be lock limit down Sunday night before midnight.
I was off slightly. Took 4 minutes after the open. Bounced since then, to trap more longs.
I'm not a social media guy. I'm an LSU fan, with an interest in politics and the markets...and military stuff, which I still do for a living. Infrequently I come around here to see what people are thinking. Never seen group think like this bunch. Some of you people are completely detached from reality.
This market just bitche slapped you. And it's about to sodomize you. Take a look at a chart of the SPX and compare it to any cataclysmic event we've had in our history. What do you see? I see the beginning.
I'll see you again around SPX 1300. By then the US will be leading the world in corona virus deaths. And there's a reason for that to be discussed later. It will be more clear to most of you early November. Heaven forbid you're still long stocks.
3
Posted on 3/22/20 at 8:47 pm to Threelot
I'd love to think everything is great by fall, but I don't see it. People in general and the economy can't tolerate more than two additional weeks of shutdown. But, if we go back to normal, I think the virus becomes a disaster in late summer. Pick your poison. I say Dow 18k in November.
Posted on 3/22/20 at 9:06 pm to Threelot
One more point to be made about the 4 minute limit down of the S&P futures. Historic...it has never happened this fast...EVER. It is screaming at you, people. Listen!
What is happening in the world is real. And it is devastating on so many levels. Open your eyes and protect what gains you have.
I had this conversation with my dad who is 74 at SPX 2800. Said he couldn't afford to sell. Can you afford to sell? We're at 2200 now. How about 1300, or back down to the 09 low at 666? Open your eyes to what's happening. The only fake news I see anyone reading or listening to is what's keeping you long this market right now.
What is happening in the world is real. And it is devastating on so many levels. Open your eyes and protect what gains you have.
I had this conversation with my dad who is 74 at SPX 2800. Said he couldn't afford to sell. Can you afford to sell? We're at 2200 now. How about 1300, or back down to the 09 low at 666? Open your eyes to what's happening. The only fake news I see anyone reading or listening to is what's keeping you long this market right now.
Posted on 3/22/20 at 10:12 pm to Threelot
quote:
And there's a reason for that to be discussed later. It will be more clear to most of you early November.
You sound like someone who calls in to Art Bell. I despise obnoxious people like you who play coy like you’re privy to some big gigantic secret that us plebeians are too simple minded to understand.
No specifics, hiding the ball, doom and gloom, and admittedly short in the market. Literally and figuratively go frick yourself dude.
This post was edited on 3/22/20 at 10:13 pm
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