Speculation6 Jan 2019 12:56
and opinions of one person means nothing...
Many people bleating about bearishness were the most bulish last year, the hypocrisy!
Take it one day at a time and that's the only thing to do in an environment as volatile as this...
SPX may well dip to under 2000 but then it rose 100 points on Friday so if/when it drops to below 2000, does it matter if you're a bear or a bull?? No. Not at all.
What matters is how you play the markets on any given hour of any given day. That is what most are missing the point of.
You can be a Bear and yet stillg o long and make good ££ /c any market ebe it Bullish or Bearish will not go one way all the time. This may well be a bearish cliamte that we're entering but in 1 wk Dow has risen 2000 pts.
So who cares if it drops to 16K, 18K or 20K. Point is on any given day it may also rise 1000 pts and what's the point of being bearish then?
What's the point of a weekly chart showing a 500 point drop when it can rise 100 points in an afternoon?
Im blocking out the noise from most this year; too many blindly following; believeing in narrow period data such as NFP on Friday (seriously peeps, do you not think it incuded P/T Xmas jobs that were for that period only and will now have gone); you dont suddenly get a rise like that for no reason but then the blind are leading the blind...and it was Fed's/Powell's dovish comments that mainly resulted in indices rising not NFP .....!