This Guy's Ringing the Bell

The article posted at the Marketwatch.com link below contains yet another offbeat sentiment indicator that things are getting a bit frothy in the stock market.  The article concerns some relatively young trader badmouthing Warren Buffet and claiming that day trading is as easy as falling off a log.  The buy every dip crowd is getting really cocky.  This may not be the crest of this mountain, but with touts like this guy ringing a bell, it can't be too long of a hike. 

https://www.marketwa...9?mod=home-page

Regards,

Douglas

Edited by Douglas, 10 June 2020 - 02:43 AM.

And Buffett continues to sit on a massive pile of cash and hates airlines now.....   Buffett is waiting for the real second dip before he loads up...

And Buffett continues to sit on a massive pile of cash and hates airlines now.....   Buffett is waiting for the real second dip before he loads up...

Buffet is looking more and like senility has set in. He is sitting on the bench in station watching the bull train pulling away.

ZIRP, NIRP, more tax cuts coming, more regulations will be cut, no foreign wars, no more getting schlonged by China,

NO MRD in 2020, FICA tax holiday possible....never have I seen more bullish backdrop since 1962 (my first trade).

Cash earns zero interest, and inflation is eating it away....cash is not what you want to sit on.

Edited by pdx5, 10 June 2020 - 07:46 AM.

The article posted at the Marketwatch.com link below contains yet another offbeat sentiment indicator that things are getting a bit frothy in the stock market.  The article concerns some relatively young trader badmouthing Warren Buffet and claiming that day trading is as easy as falling off a log.  The buy every dip crowd is getting really cocky.  This may not be the crest of this mountain, but with touts like this guy ringing a bell, it can't be too long of a hike. 

 

https://www.marketwa...9?mod=home-page

 

Regards,

Douglas

Kinda sounds like da chief, baahahaha!!! 

 

And Buffett continues to sit on a massive pile of cash and hates airlines now.....   Buffett is waiting for the real second dip before he loads up...

 

Buffet is looking more and like senility has set in. He is sitting on the bench in station watching the bull train pulling away.

ZIRP, NIRP, more tax cuts coming, more regulations will be cut, no foreign wars, no more getting schlonged by China,

NO MRD in 2020, FICA tax holiday possible....never have I seen more bullish backdrop since 1962 (my first trade).

 

Cash earns zero interest, and inflation is eating it away....cash is not what you want to sit on.

 

In 1962 there was no Fed cash, you actually had to have earnings.  Its pretty obvious that if there were no Fed bailout or government stimulus the S&P would likely be down about 50% from the top still frothing around.  My question is your bullish just becuase of all the cash not actual old style earnings and growth? 

I do agree with him though it has never been easier to trade then today.  I remember standing in the line at Disneyland with my Palm pilot and making trades while I stood there with my kids lol!!  I was always the cool guy making trades everywhere!  I'm still the cool guy but now everyone "thinks" they can do it!  This run has been easy lets see what happens when real volatility comes out how they'll do when their indicators are failing all over the place lol!!

pdx5, it certainly appears that J. Powell has supercharged the bubble, so it's entirely possible that this Buffet basher is still in the sweet spot for dip buying.  The FED Head gets another chance to goose  things this evening.   

Tops are notoriously hard to call since wide eyed greed is a weaker emotion and harder to spot than the raw fear at bottoms, so it may definitely be the case that it will take a boat load more little negative feathers like this guy to break this bull's back.   

Regards,

Douglas

The article posted at the Marketwatch.com link below contains yet another offbeat sentiment indicator that things are getting a bit frothy in the stock market.  The article concerns some relatively young trader badmouthing Warren Buffet and claiming that day trading is as easy as falling off a log.  The buy every dip crowd is getting really cocky.  This may not be the crest of this mountain, but with touts like this guy ringing a bell, it can't be too long of a hike. 

 

https://www.marketwa...9?mod=home-page

 

Regards,

Douglas

IF he turns out to nail the top in the Trannies nearly exactly, will name the Tri-Star that printed right at the daily 900, the Portnoy Tri-Star.

Gapping down out of it now.....let's see what rest of today brings....

Anyone know what that SP500 oscillator is that Cramer talks about?  He's mentioned it before but I'm old fashioned only follow stochastics but I'm curious lol!! 

And did someone say airlines?

Look at the action in JETS since it opened right on the high after a huge exhaustion gap up the other day...