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#1 brucekeller

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Posted 08 February 2016 - 12:13 AM

Someone mentioned Da Chief as being a big time bull, he recently was thinking about the 1700s.  Isn't that one of the last of the permabulls?



#2 Douglas

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Posted 08 February 2016 - 03:54 AM

Bruce, I think he is only suggesting that a 38.2% retracement of the up move since 2011 is taking place, still within the confines of a correction in the scheme of a larger bull market.  I think it's going to take a lot more than last Friday's little hiccup to swing Dan over to the dark side.  Posts at siliconinvestor.com since the Saturday one you quoted contained his trade mark snort.  He appears to be as bullish as ever notwithstanding the current little corrective interlude. 

 

Sentiment at this juncture is very interesting.  Bears are definitely showing a bit of swagger.  A purgative bounce is probably in order to reset sentiment. 

 

Regards,

Douglas



#3 NAV

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Posted 08 February 2016 - 04:23 AM

Someone mentioned the Chief as being a big time bull, he recently was thinking about the 1700s.  Isn't that one of the last of the permabulls?

 

Cheif did not turn bearish on a 50% decline in the S&P in 2003 and 2008 and a 80%+ drop in the Nasdaq in 2003. You will make yourself a target of his mockery !. He will not turn bearish even if the market drops 80-90%. Don't waste your time analyzing the CHEIF, which is better spent elsewhere. 


"It's not the knowing that is difficult, but the doing"

 

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