US Stock Markets Continue To Reach Record Highs- Thanks Obama!

[OriZ 3,157]

Fact of the matter is I did not start a single thread about the market. I was simply replying to what others have said, and sharing my input. You don't want to read it - don't read it. Simple as that.

[OriZ 3,157]

Well, so far we have gotten the bounce I was expecting, from 1740 when it was written to almost 1800 today. BUT! Don't hold your breath. Now is test time - go above 1810 and you're good. Turn back down which is what I think will happen and we will have a nice little meeting with 1600.

So, while I did personally expect a meeting with 1600, I stayed true to my systems and said above 1810 you're good. The result? It went as high as 1883. Now, test time again! As long as it stays above 1830 it's still good. A break of 1830 will make me seriously look into 'is this really finally the end?'

Above are my posts from Feb 9, 2014 and March 10, 2014. The S&P moved above the levels mentioned and never looked back. These levels are still key even a year later. To me they are the line in the sand between just a correction in a bull market and new highs afterwards, or, in the event of a break beneath, calling it a brand new bear market. Time will tell.

[OriZ 3,157]

I am now shorting the stock market. That's not to say there's no room at all for further highs - there is, but it is very limited. And whatever gains will occur will be given back. So I feel very comfortable shorting at this level and remaining short until the market sheds at least 40% off CURRENT levels.

However, I am ditching my dollar trade. It's done up enough and probably time for a correction soon so I'm now neutral instead of long. I've also mentioned several months back that I was done shorting commodities for the time being and we have seen a decent bounce in them since. Neutral all those for now(eventually they will turn down again and the dollar up),

[OriZ 3,157]

Above are my posts from Feb 9, 2014 and March 10, 2014. The S&P moved above the levels mentioned and never looked back. These levels are still key even a year later. To me they are the line in the sand between just a correction in a bull market and new highs afterwards, or, in the event of a break beneath, calling it a brand new bear market. Time will tell.

I am now shorting the stock market. That's not to say there's no room at all for further highs - there is, but it is very limited. And whatever gains will occur will be given back. So I feel very comfortable shorting at this level and remaining short until the market sheds at least 40% off CURRENT levels.

However, I am ditching my dollar trade. It's done up enough and probably time for a correction soon so I'm now neutral instead of long. I've also mentioned several months back that I was done shorting commodities for the time being and we have seen a decent bounce in them since. Neutral all those for now(eventually they will turn down again and the dollar up),

So what do we have here - oil, gold, silver, the euro - definitely doing what was expected. The stock market might finally be rolling over. Everything seems to be going according to plans, as usual. If you want to stay in this market - do it at your own peril, the risk/reward is just not worth it, even if there is a little more upside potential. 8 years from now the markets will not be any higher than they are today.

[Rob L 3,811]

My buddy the Obamalover touted this stat as well.

....yet he hates the CEOs.

If Obama gets credit for the stock market being so high then he's in bed with corporate America, no? Oh, he's not? Then why is he letting them take more of your money? Why are you cheering?

Gotta pick a side, dude. In your haste to smear conservatives, youve outted yourself, yet again, as a hypocrite.

I am not sure if this should be termed polarized thinking or bi-polarized thinking

So what do we have here - oil, gold, silver, the euro - definitely doing what was expected. The stock market might finally be rolling over. Everything seems to be going according to plans, as usual. If you want to stay in this market - do it at your own peril, the risk/reward is just not worth it, even if there is a little more upside potential. 8 years from now the markets will not be any higher than they are today.

"8 years from now the markets will not be any higher than they are today"

That is great news for dollar cost averagers with a 10 year timeline

[OriZ 3,157]

How so?

[Rob L 3,811]

How so?

I just assumed that someone with your high Investment IQ would understand how dollar cost averaging works

[OriZ 3,157]

It is not good news if you don't have a ton of money to put into it and do it all the way 50% down or so. Unless you seriously don't care of barely breaking even if even that for a decade or two.

[Teddy B 17,252]

I hear trans fats are going to make a big come back, is it time to put the house down?

[Teddy B 17,252]

How bout gluten?

[X Factor 1,112]

The funny thing is that the stock market hasn't reached the speculative phase as yet. It has much further to go

[OriZ 3,157]

The funny thing is that the stock market hasn't reached the speculative phase as yet. It has much further to go

Oh no. Not at all. It's only overvalued to the moon and back.

I hear trans fats are going to make a big come back, is it time to put the house down?

I'll see you at SPX 12XX too.

[X Factor 1,112]

Oh no. Not at all. It's only overvalued to the moon and back.

I'll see you at SPX 12XX too.

That's precisely the point. As long as there is a healthy dose of skepticism the markets will climb higher. But when everyone is exuberant then the big crash will happen. I see a lot of people being pessimistic hence it will keep climbing higher for now.

[Teddy B 17,252]

That's precisely the point. As long as there is a healthy dose of skepticism the markets will climb higher. But when everyone is exuberant then the big crash will happen. I see a lot of people being pessimistic hence it will keep climbing higher for now.

But if the market keeps climbing, doesn't that really mean that it's falling?

[OriZ 3,157]

Time will tell.

There is definitely NO "wall of worry" at the moment. Just look in this forum.