Comments
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DCI really like when you show charts during the interviews as it enhances the points the guest is making.
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SMGreat trade idea and rationalization - also appreciate RealVision getting the turnaround time from filming to posting down to a day, really useful stuff!
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DRI'm technically less pessimistic than Mark on US equities and here's why. The current snapback rally now has invalidated the possibility that the prior down wave ending Dec 24 was any worse than an ABC correction. Why? Because otherwise, if that down wave was a 1-2-3 impulse, then the current snapback (wave 4) cannot rise above the low of wave 1, right? Thus the meltdown must be ABC. At a higher degree, we're in a higher degree 4th wave since October to last many months, and given the foregoing this is more likely a a flat or triangle developing, which means a trader's market within ranges, rather than a big impulse to new lows. And then when this higher-degree 4th wave completes later this year or next, we get the final 5th wave to new record highs much later. Meanwhile, the dollar will likely be weak, which is a tailwind to US stocks, but the big money will be made in select EM markets (and already has been for awhile) as EM will substantially outperform US. The ill-conceived Trump sugar-high in the form of debt-funded tax cuts with which companies repurchased shares is largely responsible for 2018 US out-performance, and now the price will be paid with obscenely high US double deficits dragging on market performance as US finances look very banana-republic like now.
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FKVery much enjoy and appreciate Marks interviews. Always clear, concise and to the point. Right or wrong in a call his analysis has always been backed with logical reasoning. Thank you!
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CMWell done video. Enjoy videos that have specific suggestions with good reasoning backing them up. Will see if he is right or wrong.