https://www.marketwa...beef-2018-05-01
You have to respect this man's opinion.
“Since we took it over, we’ve done nothing but sell. Today we have $3.2 billion in cash, uncommitted, and we’re just sitting there, waiting for the wo
Started by
Dex
, May 01 2018 08:01 PM
3 replies to this topic
#1
Dex
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Posted 01 May 2018 - 08:01 PM
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#2
da_cheif
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Posted 01 May 2018 - 10:20 PM
the only thing one shud respect about zell is his admitted lack of knowledge about the stock market.......and those billions he.s sitting on that will be chasing stocks in the months ahead........675ono
#3
NAV
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Posted 01 May 2018 - 11:59 PM
The only thing you need to respect is price.
As far as the big picture of the stock market is concerned, above SPX 2500 it's a high level consolidation. If we break SPX 2500, a full fledged bear market will begin. Above 2720, the high level consolidation will be over and above 2760, the IT downtrend will be over and a melt-up will begin.
Those are the 3 most important numbers to watch for now. Anything that happens between those numbers is meat for ST traders.
#4
Dex
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Posted 02 May 2018 - 10:42 AM
"And he has been selling. Back in 2007, he once again proved his sense of market timing. As the commercial property bubble was already teetering, he sold Equity Office Properties Trust to Blackstone for $23 billion, not including $16 billion in debt. Then prices crashed, and commercial property defaults hit the banks. As the dust was settling at the end of the Great Recession, he went on a shopping spree."
He's not a stock guy. He's a real estate guy. Watch the canary.
https://wolfstreet.c...al-real-estate/
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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