I bought a house with the money I made from the housing collapse. No joke. The market can remain irrational far longer than you can remain solvent.
Kind of ironic - right after Bone's post about TA methods that have no statistical validity, someone posts a Joe "Fib" Dinapoli chart. Dinapoli is one of many TA gurus with zero evidence of his own personal profitability.
Yeah, pretty funny that none of the bearish newsletter guys or other permabears knew how or when to time the financial crisis. Of course they still took credit for "calling it" because they wrote "Something really bad is about to happen!" in 2007...just like they do all other years.
I decided to put him on ignore. I get my news elsewhere and I try to avoid reading extremely biased thoughts especially when the basis of thoughts is generated via unbalanced news acquisition. The stuff he posts I can read anywhere.
Then how about this one? I think Finra Margin Debt data is a leading indicator. My understanding is it's bearish and indicates a major correction is just around the corner..... https://www.advisorperspectives.com/dshort/updates/2019/06/04/margin-debt-and-the-market-up-2-56-mom
The only time I saw something that I believe defines a melt-up was Dec 26th, 2018. Hell of a day. There were two or three trading days after that, sometime during 2019, that seemed a bit wild on the upside, but that one day after X-Mas 2018 will stick with me forever.
https://www.sixthtone.com/news/1004153/debt-saddled-china-railway-announces-restructure CRC, which has built the world’s largest high-speed rail network, has been criticized for accruing massive debts while doing so. These amounted to 5.27 trillion yuan ($764 billion) by the end of March 2019, according to CRC’s financial reports.