The stock market is in a secular uptrend. That has been my belief for 9 years.
From August 2014:
“For 5 plus years, the geniuses who have claimed that the stock market is about to crash — they are now getting more frantic and strident. There is almost a 0% chance of a crash anytime soon. Since 2009, my friends at ____ have called me every nasty name, as I repeatedly stated that the March 2009 low in stocks is a generational low and stocks are going massively higher. The Dow is eventually headed to 100K, but with several huge selloffs along the way.
Gold currently is in the accumulation phase. Accumulation is simply a market going from weak hands to very strong hands. A market under accumulation resembles a filled beach ball. You can push it down, but it pops right back up, because the demand is overpowering the supply. So, listen to Andrew and accumulate gold into weakness only.
Gold will continue to trade in this range, but around this time next year gold will do a major catch up to the outperformance of the Dow. Continued patience and please ignore the perpetual doomsayers.”
I do not care what anyone else says, believes, claims. Do I make mistakes, am wrong, at times? Yes. And I have learned from all those mistakes over the years, but have continued to work hard – every single day from day one – and used those mistakes to learn – to improve.
Some excerpts from the first week in February, right into the lows while the world was filled with total incompetence:
“In the meantime, I do not remotely believe the bull market in stocks is over, not even close, but I do believe volatilty is here to stay, and I do believe in opportunities being more available going forward.
“It is the low rates, especially the last few years, which has smothered volatilty. That is history….Mondays after a big Friday selloff can often be a turn around day. And the retest on Tuesday.”
“I believe stocks are in a major bull market, nothing changed there. The stock market will continue to be volatile. I believe this whole area, is reaccum..”
So, are you going to work hard, ignore all of the crap, have a professional approach, and make something of yourself in the business of trading markets? It’s your choice.