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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: dospesos who wrote (6349)11/13/2018 11:02:45 PM
From: Kirk ©  Read Replies (1) | Respond to of 26862
 
I sure didn't mean for it to sound like I thought you have no clue! Sorry if it came out that way.

I'm thinking of my perma bear "friends" like the guy who told me to sell my house and get out of the Bay Area like he was doing back in 1998.... because the house would lose 75% of its value (rather than go up 4x) and the Stock market would collapse completely to maybe Nasdaq 400!

Last month I wrote in the newsletter that despite the pain, declines are good as it gives us opportunity to put profits back in. There is nothing wrong if that never happens and we spend the money but when the markets fall, it is an opportunity if you are ready and expecting this as normal.



To: dospesos who wrote (6349)11/14/2018 4:31:00 PM
From: Kirk ©  Read Replies (1) | Respond to of 26862
 
Well, we tagged and bounced off the gap and fib level I pointed to on Da Chief's thread a couple of days ago.



More good news is my portfolio was virtually flat today as the leading indicator stocks are still doing what a bull would want.... while the markets were down 0.8 to 0.9% today. That is significant BECAUSE my stocks have been trailing the indexes as they fell first while the generals (with the last one being Apple shot today) were the last executed.

Finally, I've been looking at old Fear & Greed charts and it looks quite similar to the low and test of the low in 2015/16.



and now this