Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Dow Stocks Index Soars, Doctors of Doom Wrong, What's Next?

Stock-Markets / Stock Markets 2015 Nov 09, 2015 - 02:18 PM GMT

By: Sol_Palha

Stock-Markets

"As the ostrich when pursued hideth his head, but forgetteth his body; so the fears of a coward expose him to danger." ~ Akhenaton

We prepared our subscribers for the market pullback; crash if you believe the naysayers, well in advance of the event. While they chanted from the top of their lungs that the end of was close at hand, we broadcasted an opposing message. We welcomed this carnage phase and recognized for what it truly was; opportunity is knocking in disguise and refused to fall for this silly ploy. The same monotonous theme has been repeated decade after decade with the same miserable consequence, one that is bound to bring you one step closer to the dog house.


We will post excerpts from the July update that will have you grinning from cheek to cheek. Then we will list the articles we published to refute this nonsense that the world was going to end.

All the Chimps are hopping from branch to branch, chattering on the top of their lungs, screaming bloody murder and doing their level best to incite others to join Club Fear, for misery simply adores company. Ti's music to our ears when we hear such sounds, and it should be music to your ears too, for it tells you that the opportunity is close at hand and not disaster. Disaster viewed through the correct lens is nothing but opportunity waiting to plant a kiss on your cheek. Before we carry on, we hope you have broken out that bottle of booze and are singing kumbaya as the naysayers chant death to the markets. Fear is nothing but a bad old bogeyman with no trousers and huge belly. Remember what we stated in the last update and the update before that; to refresh your memory, we will highlight a small portion of what was stated in the last update.

The drug pushers in the media are giving the news junkies their daily fix; they are catering to the twaddle scenario that the world will end. Step back and reflect on how lucky you are that individuals of such calibre exist; ones that seem to feed and thrive on this rubbish. Every time you run into an idiot be grateful for it's those idiots who make your life infinitely easier. Most do not see this part of the equation or story; they focus on the false premise that idiots make their lives harder, when, in fact, the opposite is true.

Look at the bright side; you get to do something you have never done before. Drink while everyone is screaming bloody murder and sing when the markets are sinking. Who knows you might be a budding singer in the makings. Yes, most will call you insane, but instead of being stricken with fear, you will now be the master of your destiny instead of a slave to another's. Drink and be merry for the markets are letting out some well-deserved steam. In the case of China, it's letting out more steam because it shot up like a bandit being chased by the hounds of hell. We see no reason to worry and no reason not to sleep well at night. Interim Market Update July 9, 2015

From August onwards the spin masters went ballistic, and the number of negative articles skyrocketed. During all this negativity, we published several articles on our delayed basis. The first one of which was titled the Dow is set to soar, which was published on Oct 21, two weeks after our subscribers read it. The Dow is getting ready to soar

One quick question: what happened? If the outlook was negative than the markets should have crashed right, but instead we find they are a stone's throw from testing their highs

As the Doctors of Doom chanted louder, we published even more articles opposing their rubbish

It's not time to sell the Dax Oct 22, 2015

On Oct, 25, Stocks and bonds will not crash

And our most recent one on Nov 2, 2015, titled Death Cross not a bearish signal for the stock market

Now have any of them come out and admitted to being wrong "nope none of them has and none of them will". It's the name of the game; fear sells so they will continue to push this mumbo jumbo out every time the market pulls back. They will wrongly label a correction as a market crash, instead of calling it a monumental opportunity. This droning outpour will serve to condition the masses. Like Pavlov's dogs that salivated on hearing the tones of the bell, they will stampede for the exits upon hearing the ravings of these lunatics, who falsely masquerade as prophets of knowledge.

Instead of realising that disaster is nothing but opportunity knocking in disguise, the masses like the spin doctors fall for the same ploy over and over again. They stampede with the crowd. Markets climb a wall of worry and plunge down an abyss of joy.

So what's in store for the Dow Index?

At present, the markets are overbought and overdue for a pullback. Once they start to pullback, the naysayers will crawl out of the woodwork and start strumming out the same old tunes. Break from the Pavlovian grip and do the opposite. Ignore them and dance to your beat. It's your money, and it's about time you took charge. Listen to those who masquerade as prophets of wisdom at your risk. At the Tactical Investor, one of our favourite sayings is "Take control of your life or be controlled by another."

The trend indicator (our master tool) which is a combination of mass psychology and technical analysis is clearly stating that a crash is not in the works; another strong pullback is a distinct possibility, but view it as a buying opportunity and not a signal to mindlessly for the exits.

Mass psychology dictates that one should oppose the crowd only when they are in a Euphoric or panic stage. The crowd has not turned Euphoric yet, but they have panicked many times during this bull market, which so far is probably one of the most hated bull markets in history.

"Comfort zones are plush lined coffins. When you stay in your plush lined coffins, you die." ~ Stan Dale

by Sol Palha

www.tacticalinvestor.com

Sol Palha is a market analyst and educator who uses Mass Psychology, Technical Analysis and Esoteric Cycles to keep you on the right side of the market. He and his partners are on the web at www.tacticalinvestor.com.

© 2015 Copyright Sol Palha- All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in