Be afraid, shorters, the dreaded SPX futures are up 0.4%. More pain likely for BBUS holders tomorrow.
Elliott Wave poster boy Robert Prechter has been bearish the S&P 500 for several years. If anyone took Prechter's advice and shorted the S&P 500 back in 2009, the losses would have been catastrophic. Nobody knows where the U.S. market is headed. But at least it is easy to insert one or two moving averages on a chart and trade in the direction of where the lines are headed. That's all that Prechter and other traders had to do in order to make huge profits from the U.S. market.
Never listen to a viewpoint without first looking at a chart. People are usually wrong, but price on a stock chart is never wrong. As the following article highlights, it is normal for unprofitable traders to believe a bearish view on a stock, or stock index.
https://totalwealthresearch.com/2018/12/five-reasons-to-never-ever-believe-a-permabear-2/
BBUS, page-115
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Last
2,806.7 |
Change
-11.790(0.42%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,806.7 | 0.00 | 0.00 |
