Pundit's Perspectives – Thu 22 Aug, 2013

Thursday Morning discussion with Gary Savage

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Al KorelinCory FleckGary Savage

  1. On August 22, 2013 at 9:54 am,
    cfs says:
  2. On August 22, 2013 at 10:37 am,
    Dennis M. O'Neil says:

    If you are trying to sell a security this afternoon the main benefit of owning physical precious metal has become very evident.

  3. On August 22, 2013 at 12:44 pm,
    Gary says:

    We got the swing I was looking for. Traders can go long the S&P with a stop right below 1639.

  4. On August 22, 2013 at 2:56 pm,
    Pibe says:

    This is a disturbing feeling; finally Gary and I agree on something.

  5. On August 22, 2013 at 3:00 pm,
    Jane Stevens says:

    This can’t be happening again! This guy has a signal to get long SP 500??

    I’ve learned since picking up on Forex Kong’s trading that “you don’t want to be on the other side of Kong” – who’s had the correlation of USD down = US equities down working for quite some time now.

    USD is set to plummet from what I read – and the SP 500 is most clearly NOT a buy here.

    Check out http://www.forexkong.com to get an idea on what’s “really” going on.

    • On August 23, 2013 at 6:43 am,
      Gary says:

      LOL this is the same guy that assured everyone that the dollar was going to rise no matter what the Fed did. Just like the Yen did for years and years.

      FK is just like everyone else in this business. They win some and they lose some. The best in the world get it right about 55-60% of the time.

  6. On August 22, 2013 at 11:49 pm,
    scotty says:

    Wow :: 2 days ago options market , not trading proper. today [thurs] nasdaq closed for three hours [software problems] flash crashes etc. the exchanges are too weak and over dependant on electronic trading. excessive , elctronic flipping of stocks [equals massive day trading by institutions and hedge funds] getting dangerous. buy quality stocks and bonds. i am 25% in cash and my landlady is 40% in cash . We are waiting for a sharp selloff in market or in some high quality blue chip stock in Sept or Oct. also looking at a high quality group of corporate bonds for a swing trade sometime in Sept.

  7. On August 23, 2013 at 6:28 am,
    Irwin says:

    Wouldn’t bother me in the least if exchanges crashed 4 days a week.

    We need more investores – less traders.

    • On August 23, 2013 at 9:52 am,
      Big Al says:

      Yes, we certainly do Irwin!