That post was written at 10:26 AM east coast time when the market was at 1526 before all of today's selling ensued. I am sure there will be other things to say, after all, Bichon hasn't responded yet. This approach works and yes people, it works over time as well. I am sure I will get some of those emails too, lucky guess. From here we could still move back higher but its clear that investors see this as a topping area and a short position at 1526 looks very safe from here on out.
Well the SP500 is at 1551 as I type this, having closed at 1556 yesterday. The approach evidently doesn't work consistently even over the short term. This does suggest that your November call was a random success. No doubt you'll have other success and other failures; this is what randomness is all about. Fortunately you hedge the effectiveness of your approach with the following statement on your Web site:
Investing involves risk of loss. Goldberg Financial, LLC, does not guarantee the performance of any investments.
That's an odd statement to make when you claim that your method helps your clients to avoid such losses.
Michael, your thoughts on the following?
You probably won't hear from him for awhile. He's probably hiding from the clients who are wandering the countryside with torches and pitchforks, looking for him. Have you read his blog
? It's interesting. Here are some examples:
Tuesday, February 26, 2013
So How Low Do We Go? 1400 in the S&P...easily
After predicting the sell off yesterday morning before we sold off, the next question might be how low do we go. I'd say we easily go back to 1400 before finding any sort of floor here. Thats about 100 more points to the downside. Quite a call but its what my models are showing.
Monday, February 25, 2013
Stocks To Sell Off From Here
With the S&P 500 now back up in this 1525-1530 area I see an impending market sell off is extremely likely. My timing models are indicating a move back into this area and not enough strength for the market to move higher from here. I believe this will result in a market sell off.
When the stock market sells off it drags most stocks and stock based mutual funds down with it. You are fighting a tidal wave and trying to find stocks that move higher as markets sell off hard is like finding a needle in a haystack. Thats why I advocate the investment approach that I advocate, the trend is your friend, don't fight it. When you invest alongside a trend moving higher or lower just go along with it, you will have a much greater chance of being successful.
And one last thing...don't believe the advisors or financial planners that tell you determining the near term moves of the stock market are impossible. These advisors make their money by just keeping you invested 100% of the time, they are not looking out for you.
Wednesday, February 6, 2013
I Hate To Say This, But You Just Can't Win From Here
Sorry to say you just can't win from here in the standard buy and hold mutual fund approach that almost all advisors are using. As we approach all time high levels in the stock market it becomes increasingly more likely that the next major move is down and unless your advisor has moved your money into mutual funds that somehow go up in value as the market crashes, the good times are just about over.
That is why I offer a program that can make money in up or down market and why at times like this it is so vitally important to be in a program like mine. The market can not continue higher forever.
Actually, advisors make their money trading in and out of assets with their clients' money, thus generating fees.
The market will probably go down at some point. I think a correction is due. But on the other hand, I really don't know that for sure. We could be in another period of irrational exuberance. But that's the point, isn't it? Nobody really knows.