S&P 500: 1,319.94 Change: +0.56%

MightyMo

P&P Score: 99.87 Points: 364.56 Accuracy: 62.36% Average Pick Score: 1.24 Annual Return: 13.50% (59.28% since 1/3/08)

MightyMo's Blog : The Market percolates upward as doubters sit on a wall of worry

February 9, 2012 Edited: February 9, 2012

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They're coming out. The doubters, the doomsayers, the media 'fools' and of course the troll community. They're telling you the market is 'too high', they're telling you the 'market is over-valued'. They're telling you 'the market has moved too fast too quickly and wait for a consolidation'. They telling you to be 'cautions in this market condition'. They're telling to 'sell your profits and wait for a drop off'. They're even telling you to watch out 'for a Greece collapse'. They're telling you stocks are 'bloated gross pigs'. They're telling you of the impending Syrian war. Of course, the bottom line is they're telling you to lose money.

This market reminds me of the great market bull market that started in March of 2009. This IS AN EASY TIME to make money. The market still has a long way to go up. DONT WASTE THIS GREAT OPPORTUNITY TO MAKE MONEY!!!!

It's time to join the party; there's still time. DONT BE LATE! In this market, ones DOES NOT WAIT FOR THE PULLBACK. Go now, don't hesitate!

Of course, market technicians are telling you the woohoo charts are telling you to sell; that resistence et all is about to occur. Market technicians are stupid people , they are fools; reliance on voodoo patterns and mumbo jumbo line formations. Seriously get real. The fundamentals are good; the economy is getting better, the jobs market, the housing market all better. What COUNTS is what is happening here and not in some little mickey mouse foreign country.

Here's what to do RIGHT NOW! Get in and follow the winners, the momentum stocks that have moved and will move even higher. Watch the stock carefully however and be ready to pull out at the first occurance of weakness. Don't hold, get in and out, over and over again. Get back in on the first sign of strength, get out on the first big sign of weakness. Again I repeat, don't hold on. The market is fundamently undervalued, the technical indicators might say otherwise but they are totally useless and un-reliable. The economy is what counts. The administration is going to do EVERYTHING it can to get the economy right for the November elections. Companies are hiring again, rates are still low and inflation is being held in check. ONE HELL of a GOOD TIME to be in the Market!

DON'T FIGHT THE MARKET!

10 Comment(s):

JoeJustJoe Date

February 9, 2012 14:09 Abuse this post

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Doan fergit...one kin also use stops altho it is "questionable" whether or not stops will prevent everyone from lookin like a complete idiot ifn thangs tern agin em. Lookin at yer new DNDN long I wud still "suggest" you set a stop at a level greater than 7% ..."obviously" :-) GOOG luck with yer new endeavor in attempting to "out-Cramer" Cramer's feat of trading SIRIous for continuos losses both chort AND long. Somehow I git the feeling you will suck seed :-) 3J

MightyMo

February 9, 2012 14:12 Edited: February 9, 2012 by MightyMo Abuse this post

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Stops are for doubters. See Joe, there are two kinds of market players, the Fools and the Smart Money. RobtheMarketBlind follows the smart money. The FOOLS are everybody else (the media, naive individual investors, market analysts, technical analysts, trolls, the peanut gallery, scared investors, Motley's Fools, Barron's, lawyers and engineers, just about all others. The Smart Money are people who control the markets, manipulate it regardless of the latest foolish insider trading rules. Our bandits that belong to the RobtheMarketBlind community follow the Smart Money and the irrational behaviors of the market itself.

JoeJustJoe Date

February 9, 2012 14:14 Abuse this post

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GOOG point, all those trades you made in DNDN (13 in a row) wherst your 7% stop took you out under the "old rules" were pointless ifn ya axe me. I "knew" you would e able to maximize losses without those stops. Jist like you will heeeya shortly :-) 3J

MightyMo

February 9, 2012 14:24 Abuse this post

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The JJJ gauge is dropping, stating that the market has turned positive; fear is gone. I might add that the JJJ score is performing better than it did in 2009 when it collapsed overnight. Nice work Joe but it'll eventually collapse.

JoeJustJoe Date

February 9, 2012 14:28 Abuse this post

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Ifn you sey so. Actually, since you said it will drop it means I hit #1 by this time next week..."obviously" :-) "Perhaps" you shud use ole Dumm$$$ as yer guage. You remember him I'm sho. Jist plug ole GeeGee (GG) intot he window ann you will find his port. He has 77 pages of open picks..."predominantly" long. The majer indimacies are at or near new highs...and he is STILL down 2000+ points. At least you are consistent and joo move "steadily lower" like evrybudy else heeeya :-) 3J

MightyMo

February 9, 2012 14:39 Edited: February 9, 2012 by MightyMo Abuse this post

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Some think the DOW at 12900 is TOO HIGH. It reminds me of what they said to me in March 2009. They said that in late March 2009 when the DOW moved up 1000 points to 7900 that it was too high and one needed to wait for a consolidation. The almighty DOW was at 6400 on Mar 9, 2009 and on Mar 31 the DOW was at 7500. We all know what happened then., it keep going up. The DOW at 12900 is going to look dirt cheap when it hits 14900.

JoeJustJoe Date

February 9, 2012 14:50 Abuse this post

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To compare now with March 2009 shows how completey clueless you really are. March 2009 was crapitulation. The govmint...I mean, the Wall St criminals under the direction ov Hank "uncle Fester" Paulson n Uncle ben Bernanke decided to steal the future ov yer grandkids so that thur criminal cohorts who created the problems didn hasta fire bullets into thur heads or jump off tall buildings. Those daze are ova. Thur will be no more "QE's" to save BAC whenst (not if) I bring it to its knees next time. *-) I'm sho every frenzy reminds you ov the rally offa March 2009. You ainn in yer element unless you are foaming at the mouth ann gettin ready to git yerass kicked...again...is ya? :-) 3J

MightyMo

February 9, 2012 15:07 Abuse this post

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talk to me..i mean spew to me when the DOW hits 14900!

JoeJustJoe Date

February 9, 2012 15:15 Abuse this post

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I toldja...taint no reazun to follow you to the MotoRooter site. Yer gonna need to git past yer embarrassment and axe me how I "knew" :-) 3J

MightyMo

February 9, 2012 16:05 Abuse this post

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Also folks, think HOUSING.. the warm winter will accelerate home building starts... TOL and LEN to benefit.. one must always think ahead of the game.

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