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camarodan64 (98.55)

The dow is back to pre-correction all-time record high close.

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July 11, 2013 – Comments (4) | RELATED TICKERS: AAPL , DOW

ok ,DOW 15,460.92

plus 169.26 now,  the dow is back to pre-correction all-time record high close.  Today on CNBC a guest anaylist said the DOW Jones has been flat for the last 13 years....only fools from the newer generation would believe that guy was telling factual information. CNBC  even aired footage today with Faber chanting "qualcom......qualcom......qualcom"  on squawk box from 2001 when he reported price targets of $1000 a share in the pre market. the dot com bubble started to burst just weeks later....remember CNBC likes to act scared or excited in badtimes or good times as they report news and at the same time they voice their own personal thoughts and emotions.....the point is CNBC is a market manipulator by inducing "herd instincts"  in this case they are1. buy at all cost and 2.sell out  at any offer. basicly the people at CNBC just entice fear and greed.

4 Comments – Post Your Own

#1) On July 12, 2013 at 2:03 AM, awallejr (83.97) wrote:

I am sensing that you hate CNBC.  While I agree you should take what pundits say with a grain of salt but that one person who said that the Dow has been flat for 13 years is actually correct. He is in essence telling you that the market is not expensive from a historical point of view.  I agree with him. 

Just because the market made a new high today doesn't mean omg crash coming, since from a 13 year point of view it is basically flat.

 

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#2) On July 12, 2013 at 11:19 PM, jiltin (26.89) wrote:

True, I learnt a lesson. Hmmm, I failed grab the stocks when down was down 1000 points. I missed thinking OMG....

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#3) On July 12, 2013 at 11:37 PM, awallejr (83.97) wrote:

Well there will be future corrections to take advantage of.  You just have to show discipline and turn off the fear mongering that inevitably happens during them.  If you have confidence in your research and like a certain company buy when those dips happen.  Or sell puts on them to try to snag them at a discount.

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#4) On July 14, 2013 at 11:29 AM, camarodan64 (98.55) wrote:

 awallejr , ,

 1."I am sensing that you hate CNBC", 

 I actually like CNBC so much Its the only TV show I watch.

..... I watch it to monitor the flow of manipulation, using it as a buy sell indicator In combination the VIX.

 2. "Just because the market made a new high today doesn't mean omg crash coming, since from a 13 year point of view it is basically flat."       
......since we are in a bull market , the dow jones will not be "crashing" until  the FEDERAL RESERVE deems consumption to be too aggressive which will be around the year 2017, but between now and then there will be "margin" corrections, this happens when the FEDERAL RESERVE decides there is too much money loaned out to "margin buyers"  , it is the easy way to bring down stocks which only lasts untill the "margin calls are finished".....the dow jones hit 10000 in 2001 not 15000 so it is not flat it is up 50%, it is flat since 2008 so the "pundit" on CNBC is dead wrong.  In the short run the dow should rise to 15991 by Aug 2 2013 at that time i will be watching for a 2.5-3% correction then of course recover quickly to more record breaking highs, in all when its all over in 2017 the Dow will be close to 21000

 

thanks for the comments 

 

 

 

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