What should individual investors be doing with their money
Kicking off today with Rick Ackerman chatting about the high flying stocks and where individual investors should put their money. We then move to gold and what is driving the gold price lower.
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I am showing a down trend on this ETF on the 1 year and 10 day charts.
Spanky.
Im not sure where you get your analyses but its funny.
Rates may rise in the US but very slowly. Its good for the consumer and the stock market.
As for Canada its toast. Rates are going nowhere but maybe down and along with it the loonie.
If you read what I said about the macro a year ago along with my prediction of gold and its poor stocks you would know I was exactly right. I also said the US dollar would continue to rise. It it rocketed higher. You should hook up with Bob M. As he said it was end game a years ago. I fell over with laughter.
Ill add not directed to anyone.
There is no Supercycle in commodities. That is absolute bullsht.
We will be going sideways for years on commodities if you are lucky. I’ve watch people buy the bear traps for years. If you invest with Bob one it will go up!
When I personaly here people that can barely spell Stock Market say that they are buying oil its a oh oh for me.
I don’t know Bill I spell pretty well.,
Paranoid Al
Big Al
I love my Dad but he bought silver in 1980ish around $50. He said oil was going back up this spring. He was hoint to buy Norel at $35 I said NO! It went to zero. I got him out of Ballard scam with a profit. Hes not A guy that one should follow.
People were going into the bank this spring where the wife works were saying that they were buying oil. Im a contrarion. Thats a sign that many expect it to go straight back up. I bet you its not going to $100 for years. One day Gold will go up again but I dont see it yet.
Many broken clocks out there will be right.
Seriously Ive gone against the flow here. Nobody wants to here it but Ive been predicting accurately and aleast saved some I know from buying into resources gor a long time now. If you were a buy and hold at all your wiped out.
At the end of the day this is a bullshit game where the average guy gets destroyed by sharks.
PS I have many typos and never look back.
Funny huh? Gotta love the condescending attitude.
The fed blowing up its balance sheet to 4.5 trillion and keeping rates at 0% for 6-7 years–totally normal. I agree, the market will never be allowed to suffer more than a 10% correction and will be headed to the moon.
you can start trading moon dust………………
No Im just shocked how how far people are sucked into the manipulation theory. If you actually believe that you should never invest.
Yes lots of debt but low inflation can keep rates low for a long time.
Welcome Cory 😉
I think I beat this one to death but one more time. The DOW will be going higher and the latest sell off WAS a buying opp. Ill post a chart at the end.
The majority are still afraid of the stock market and thats bullish. As for the individual there is no way they have the time or the knowhow to pick stocks. There are some great options in the Us as the fees are way lower on thier managed funds. Diversify that way so if a company sells off you dont cry.
The economy in the US is ok. Not growing in a big way but still growing at 2% and thsts s hellofa lot better then most countrys.
There are some great Div payers. I bought one on sale paying 9.2%. Nothing wrong with that. The doomers have been wrong for years and are still wrong. Majority bring gold bugs because they prefer the economy to colapse and their gold to go up. LOL
If you subscribe to stock charts you will see my trend lines. The DOW looks good and the sale is over. Most likely gold bugs scared you away. They are a dangerous crowd in my view.
http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p47842159937&listNum=1&a=421884453
What do you think of SAM ZELL……dumping some of his real estate?
I kind of like Simon Properties…………a little bigger and better…………
Someones buying it….long term all good.
Stick to what you like is very risky investment advice. This will result in people getting in at a high risky price IMO.
Peter
I agree. Im actually been buying what people dont like. Boaring stuff that you can sleep at night with. Its been going well for a few years because people hate Boaring and you cant follow the heard or invest with hope.
My buddy and hedge fund manager has turned 150mil to $230mil in 2 years on boaring stuff. Theres a company that makes post office suply. Its gone up a 100% in 1.5 yrs and pays a 4% DIV still. Now thats boaring eh?!!
Bill…Whats your hedge fund managers name, I would sure like to have a chat with him if he has turned 150mil into 250mil in two years. I await your answer.
Ive dropped his name 1/2 doz times.
He doesn’t take calls from the public.
Never seen him have a losing year in 16yrs
actually was 50% so 225mil
BILL..You say you dropped his name a half a dozen times, sorry I must have missed it. Please drop it again, there’s a good chap. He will take a call from me.
Your answer reminds me of that old song….A Horse With No Name.
I am glad I took a significant loss on gdx yesterday and I have made back more than double trading oil this week with xop. Gold is just dead.
Sold my vixy yesterday on the spike and bought back today on the dip after a spike.
BP has made a sharp dip after the ex dividend date and people have a chance to get in. I am holding a large position.
I had a look at BP. Its been in a down trend for a decade….
Terrible looking chart in my view. Cheers
Take the money from the bounce!
The middle of that Schiff fork held today.
Smiled a bit when Rick mentioned Chipotle as a possible example using the Peter Lynch approach. 37 of their stores have voluntarily shut down here in the Pacific NW recently because of serious health concerns; not sure if they have since re-opened…………………
Intel is a great semiconductor company and they are in almost every PC. A true leader in the field. Restaurants can be quite volatile.
What would cause that? Has to be very sloppy management at all levels.
Before the cras,h maybe they will be looking at weekly or daily performance!
Hey! Do I get my bonus for my pre-lunch performance? Maybe a $44,000 lunch with a bottle of Chateau Lafite Rothschild is in order.
Cory, do not forget to thank THUNDERBIRD
Gold stocks are getting smoked …
http://stockcharts.com/h-sc/ui?s=ZJG.TO&p=D&yr=1&mn=0&dy=0&id=p89928157468&listNum=1&a=426624018
no big deal………not time to buy yet……..until the smoke clears……
Yeup, GLDX is down one cent! 😮
The TESLA Short Squeeze erased all my short gains. It is just crazy. The numbers were even worse than I expected!!!
Anyone else had the courage today to put just 200 $ on a short bet on NETFLIX?
Is it actually true that NETFLIX’s accountants use accounting tricks to make the financials look better? I read that the company is actually bleeding more cash than they report and operating cash flow is much worse than reported, almost non-existent.
Let us hope that this is true. 🙂
Glad I stayed short the bond market 🙂
http://schrts.co/5cMBqZ
I think HYG is the most important etf to look at for the conventional market. It has failed to make a higher high and is in danger of rolling over. Will be extremely interest to see how this drama.plays out over the next couple of months and how market will react to the Fed. Personally, I don’t think they will raise interest rates ever. This is endgame folks.