Quote: (02-15-2019 06:43 PM)SamuelBRoberts Wrote:
The guy throws out calls the way Kona throws out casual racism against white people. He makes tons and tons of them.
Then the misses get forgotten and the hits get remembered. Nothing new or interesting there, just another internet guru.
EDIT: Also, what was in that link that was even remotely insightful or interesting? What possible trades could you have made based off it? You can't possibly have made any trades off of this basement-grade technical analysis.
I'll focus on a few that were divergent from general consensus. Keep in mind that due to work reasons I'm generally fairly well plugged into both mainstream (CNBC, WSJ, Bloomberg) and non-mainstream (e.g. ZeroHedge) market talk.
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We are more likely than not going to see some trends conclude in 2016 and others perform a false move to scare the hell out of everyone. Nevertheless, the stars may not be aligning, but the markets appear to be setting the stage to align for the BIG SHIFT.
The first part of 2016 saw a mini-correction in major US equities indexes. The general consensus from financial media then was that everything was a complete disaster and we were FINALLY in the next crash which was overdue. None of that happened. It was just a dip immediately followed a breakout that saw DJIA shoot up to 24,000 from a low of around 16,000.
Significance was he broke from consensus which said that "this is it, we're finally having a crash".
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What does the BIG SHIFT mean? It means that as we face a meltdown in socialism, which has taken hold of western governments and destroyed our underlying democratic foundations, ALL assets must prepare for the HEDGE against government.
I've actually gone to investor/asset manager conferences and the like. The paragraph here is significant because one's opinion on this is a pretty clear way to tell who knows what the hell they're talking about and who is a hobbyist "trader". The actual fund managers stated very clearly that they were shifting out of municipal securities and into corporate debt to hedge against public sector risk ("government" risk includes both legal/regulatory/corruption risk and fiscal policy/health related risks).
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As we hurl through time and space toward 2017, we will come to realize that this will indeed be the year from political hell. Not only will a new president take office in the USA, but we are looking at France, Germany, and Britain also going nuts.
At the time the BREXIT referendum date had not been announced. The overwhelming majority of analysts did not take the event seriously and laughed it off.
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The people of European nations have absolutely no means to reclaim their sovereignty by any method other than force. To prevent that, the EU Commission wants to create its own army.
This one I'm mentioning for a different reason which is that he DOES appear to have some kind of insider connections. This one he mentioned then and it just now became a publicly advocated policy position. He also gave a similarly advanced heads up that the government was moving to restrict the usage of cash and was exploring ways to ban it (India tried it and it was a disaster, the EU is restricting the use of high-denomination bills).
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EDIT: Also, what was in that link that was even remotely insightful or interesting? What possible trades could you have made based off it? You can't possibly have made any trades off of this basement-grade technical analysis.
You're arguing like a leftist. Your first post was the same kind of "namecall -> conclusion" type of thinking they do (e.g. Trump is a racist -> Border wall is bad). The second post was a "Look at this crazy thing -> invective" that they do (e.g. LOLOL Roosh said something outrageous -> He's dangerous)
It's a SNAPSHOT referencing other existing analysis from the model which indicated long term, strongly bullish trends on US equity indexes. Making the trade would have been the right call. If you'd listened to the 90% or so of analysts calling for doom(most notably the zerohedge/Alex Jones crowd who are constantly salivating for a crash) then you'd have made the wrong call.
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Then the misses get forgotten and the hits get remembered. Nothing new or interesting there, just another internet guru.
His OPINION isn't always what he thinks. The key dates/trend shifts forecasted by Socrates are generally reliable.
Besides which
It is not just him this time. I recently spoke with someone who attended Davos and I was told that the general consensus there is that 2020 will see an economic crash and rising unrest.