Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (19810)	8/29/2017 3:38:33 PM
From: Don Green	2 Recommendations Recommended By mary-ally-smith The Ox Read Replies (1) \| Respond to of 33421

John VIX is a barometer not a central focus. I am not questioning the content of your posts, just the dramatic nature of recent posts. You post like the world will end soon unless you take your advise or those you quote. One of the sad things about bears in general is they seem to want doom for humanity to prove they were right. Of course there are many problems now just like there was in 1987, 1997, 2008 and each time the world survives by kicking the can down the road. It will continue to happen again in the future. Bears are no wiser than bulls just more dramatic in their presentation. Drama and doom sells, just like all of the investor newsletters....websites, infomercials, seminars.....Stephen King! BTW I am in the bearish camp, I just don't think the world is coming totally unraveled like many in the camp predict and sadly some even hope for. I would say the bears have a much lower batting average in predictions than do bulls, mainly because they tend to be so verbose and long winded in their thoughts and rarely if ever admit they were wrong, because one day.......Jim Morrison's will sing again.....This is the END my only FRIEND..... THE END.... Life is good Don

To: John Pitera who wrote (19810)	8/29/2017 5:57:36 PM
From: rogermci®	2 Recommendations Recommended By Don Green The Ox Read Replies (2) \| Respond to of 33421

Hi John. With all due respect, I have to disagree with a couple of thoughts in your post. You said current sentiment is resiliently bullish. Latest AAII sentiment shows 28% bullish and fear and greed index is at extreme fear. Small snapshot but says something. The predictive value of overall market direction imo by the Russell is next to nil. In today's market, that particular index in 2017 is bot driven and in an essentially trendless market as we've had since March will inevitably be driven lower especially when the earnings calendar is quiet. Finally, the Transportation index did in fact lose it's 200 dma and I watch it closely but has since recaptured that level. It includes railroads who ship a lot of coal and oil and airlines which carry a high number of international passengers. However, the index I use that I think is more a leading indicator of market direction is the Dow Jones US Trucking Index stockcharts.com This index consists of all publicly traded US trucking companies and imo is the purest domestic measure of future freight movement signaling overall increased US economic activity. It is up almost 10% since August 1 while the overall market is down. In recent years it has been a reasonable leading economic indicator. Just my 2 cents worth and I understand your post pertained more to the overall world markets and capital flows and what the "smart money" is doing, but I think most of the domestic concerns you highlight are already discounted by the market. We shall see. Thanks for sharing all your insights though as I learn a lot. Only on SI.