Hi pyrangello,
It would be interesting as to how your friend is trading as the balloon is being filled.
Many traders are not making long term investments on the markets preferring to make 'quick kills' so as to keep their money liquid.
Just that tactic alone speaks a lot about the current situation.
We need to remember that a lot of these 'experts' out there are investment company owners and they need to try to paint a positive picture as long as possible so as not to frighten their clients in closing their accounts. That's why it's the independent specialists, like university professors or specialists like Peter Schiff, who doesn't really deal with US stocks, can speak their mind (also to try and frighten the customers of their competition to come aboard their gravy train!) and be a little more open about the financial markets in the US.
Best regards,
Steve
Quote:
Originally Posted by pyrangello
Steve, my buddy from high school day trades and has done so for 25 years, said that much of the market is being artificially held up in the air like a hot air balloon ready to bust. He said all his graphs and charts show this going south and it isn't.
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