TSX:LSG.DB - Post by User
Post by
TRRGon May 17, 2013 5:01pm
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Post# 21410996
Looming major selloff just around the corner !!!
Looming major selloff just around the corner !!! The flagship S&P 500 is hitting all kinds of technical and sentimental extremes only seen at major toppings. Euphoria now reigns supreme as traders no longer think anything beyond the most trivial selloff is even possible anymore. But this is exactly when serious major selloffs are born, when traders grow so complacent they stop worrying at all.
Thus these beloved stock markets are extraordinarily dangerous. Best case we are in for a humdinger of a correction, worst case a new cyclical bear. Investors need to short-circuit their own greed and realize their profits before the selloff eradicates them. Speculators should close general-stock longs and start initiating shorts if they haven’t already. The looming major selloff will gut the gullible fools who bought high.
by A. Hamilton