Stubbornness does have its helpful features. You always know what you’re going to be thinking tomorrow.
Black Monday 1987 Chatter Based On Gossip
They never seem to let up on pushing this sewage onto the unsuspecting masses. This is a clear example of insanity in action; mouthing the same thing over and over again with the desperate hope that this time the outcome will be different. The outcome will not be different this time, at least not yet. These guys should focus on writing fiction for reality seems to elude them completely. For years we have stated (and rightly so) that until the sentiment changes, this market will continue to soar higher and higher.
Here is a small sample of the flood of articles that were pushed out this month. If one simply glances through them, one would almost be compelled to think that the writers shared the same notes. There is almost no originality in these articles. The theme is the same, just because it’s October the focus is on the disaster aspect of the 1987 crash. Almost no one mentions that it proved to be a monumental buying opportunity. The focus is oh the financial world came to a grinding halt. Only it did not, the only thing that came to a halt was the rubbish the predecessors of today’s experts uttered back in 1987. This reinforces the view that most financial writers have chosen the wrong profession One word sums all this nonsense “Rubbish.”
- Could the 1987 stock market crash happen again? – Reuters
- Black Monday anniversary: How the 2017 stock market compares with 1987 – Market Watch
- Black Monday: 30 years after the 1987 stock market crash… Wall Street raises fears of REPEAT- express.co.uk
- Thursday marks 30th anniversary of the Black Monday stock market crash – courier-journal
- Buy Climax at the 30th Anniversary of 1987 Stock Market Crash – Money Show
- The Crash of ’87, From the Wall Street Players Who Lived It – Bloomberg
- Black Monday: Can a 1987-style stock market crash happen again? – USA Today
Is A Black Monday 1987 Type Event Out Of The Question?
No that is not what we are stating. The market will crash, but for the astute investor, “crash” is the wrong word to use. A strong correction is more likely as most astute investors got into this market a long time ago. It is the crowd that will eventually decide to embrace close to the top that will experience this crash that the experts have been hyping about for years. Black Monday 1987 or the Crash of 1987 illustrate that the masses are always on the wrong side of the fence. They buy high and sell low and nothing will stop these cycles for the mass mindset is hardwired to lose. Misery loves company; that explains the mass mindset in simple terms.
This market will experience one strong correction before it crashes, but the moment the Dow sheds 1000 points or more these experts will crawl from the rocks they were hiding under and start screaming bloody murder. To which our response is, please scream as loud as you can; for it will push the markets lower creating a better buying opportunity for us. This is exactly what we said in Aug of 2015 before Trump won and countless times before and after that.
This market is extremely overbought so a pullback ranging from 1500-3000 points should surprise no one and it certainly should not be construed as a crash but viewed as market releasing a well-deserved dose of steam. To state otherwise, would simply be disingenuous, which seems to be the only real qualification these so-called experts posses
Market Sentiment indicates that the crowd is far from Ecstatic
The Bullish sentiment has risen somewhat, and the crowd is not as anxious as it was at the beginning of this month or last month, but until the readings indicate this crowd is euphoric, a crash is unlikely. Many people state that most people don’t have money to invest in the markets. We beg to differ; look at what’s going on in the Bitcoin market, now that is a market showing some signs of Euphoria; the stock market in comparison is at the lukewarm stage.
Stock Market Update Aug 1 2019
If there is a repeat of an event that mimics Black Monday 1987, do not panic, instead back the truck up and buy.
Stock market update March 2020
Go back to any bubble or market top, and there is always one element present, the masses were in a state of ecstasy before the market plunged; even the tulip mania where the mass media element was missing ended on a note of euphoria. Without going further, we have to agree with some of the emails from subscribers that are long term investors stating that this is a generational buying opportunity. The current sell-off is based on all suppositions and presumptions. This hysteria based selling is creating a once in a lifetime opportunity for the astute investor.
The 1987 crash and 2008 crash fell into the category of the “mother of all buying opportunities“, but we could get a setup that could blow these setups and create the “father of all opportunities“. Such an event is so rare that it might occur only once during an individuals lifetime. In the short term, there is no denying the landscape looks like a massacre, but if one is going to focus solely on the short timelines, then the odds of banking huge profits are quite slim.
Just 15 days ago, everyone would have begged for such prices, but 15 days later everyone is ready to throw the towel in. The volatility is likely to continue until the end of the month, especially since V readings soared by a whopping 650 points to an all-time high. Again, think about it, when was the last time the Fed dropped rates by 150 basis points in two weeks. This is a massive development but its overshadowed by the current hysteria. As we stated before, companies are going to go ballistic with their share buyback programs
Why Not Try Something New For A Change:
Once the trend is identified the rest of the investing process is relatively easy. We issue many plays and the reason for this is simple. It provides every new trader with an option to identify plays that appeal to them. It is not easy to get rid of past conceptions and embrace new ideas.
This process takes times, and therefore, we are trying to make it easier by providing such a vast array of plays. Now instead of being overwhelmed by the number of plays, one should understand that one does not need to open a position in all the plays. Choose those that appeal to you and ignore the rest until you get used to our methodology. As you gain the confidence you can deploy larger amounts of capital.
Make a list of stocks you would love to own at a discount. When the market lets out a nice dose of steam, instead of fleeing for the hills, you can purchase top-quality stocks for a discount.
Obstinacy is the result of the will forcing itself into the place of the intellect.
Other Articles of Interest
Dow 21K Predicted In August 2016 (Sept 9)