Let me start with the premise that the sites above provide a tremendous amount of useful information and market analysis. Yet, they do more harm to most investors than they can imagine. Here is why.
Both sites operate on a conspiracy angle that markets are being manipulated and the reason you are not making any money (or even worse….losing it) is because of the big bad Government, Goldman Sachs and everybody else. It is due to the manipulation by these sinister powers that the Gold is not selling at $10,000/ounce and the DOW is not at 1,000.
BULLSHIT. IT’S TIME FOR YOU TO WAKE UP.
Whether or not someone is manipulating the markets is irrelevant here. What is relevant is the fact that the market is up over 150% since the 2009 bottom while the likes of ZeroHedge and ElliotWave continue to preach the DOW 1,000. How much money did you lose shorting the market?
Case and point: Today’s quick update from ZeroHedge.
This morning’s pre-open is dominated by deja vu all over again. Just as we saw yesterday, right on cue at 830ET, gold (and silver) are unceremoniously dumped and USDJPY is pumped so as to ensure stocks look shiny for the US open (and Biotech can be dumped to the next greater fool). Oil is not moving, 30Y bonds are weaker, and the USD is flat… all makes perfect sense if you don’t think about it.Perhaps it was all about running Copper up to $300?
Seriously? Who the hell cares. You are either smart enough to trade/invest and make money from the moves above or you can be a little bitch and whine that Janet Yellen and Obama and Putin and Goldman Sachs are manipulating the markets.
Now, before you label me as a Perma Bull expecting the Dow 100,000, I am anything but that. I just know how difficult it is to get out of the bear/conspiracy mindset once you get into it. Further, my mathematical and timing work indicates an upcoming severe bear market that I have been talking about on this blog.
However, it will not get anywhere close to 1,000. It won’t even get close to the 2009 bottom. If you would like to know when this bear market of 2014-2017 will start, how low it will go and it’s internal composition, please CLICK HERE.
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