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Why 95% of Traders Fail

CNBC Bimbos Stock Market Rebound Ecstasy

Stock-Markets / Stock Markets 2015 Aug 25, 2015 - 08:54 PM GMT

By: James_Quinn

Stock-Markets

The CNBC bubble headed bimbos and brainless stock touting twits will be in ecstasy today as the ever predictable rebound is under way. The market will soar by over 500 points at the opening as the excuse of the day is China’s desperate interest rate cut to try and stem their downward spiraling economy and markets. The Wall Street captured boob tube brigade will tell their almost non-existent viewership that all is well. The terrifying plunge is in the past. The economy is great. Housing is strong. Stocks are now a bargain. It’s the best time to buy.


Now for some factoids. Six of the ten largest point gains in the history of the stock market occurred between September 2008 and March 2009. That’s right. During one of the greatest market collapses in history, the market soared by 5% to 11% in one day, six times. Here are the data points:

2008-10-13: +936.42

2008-10-28: +889.35

2008-11-13: +552.59

2009-03-23: +497.48

2008-11-21: +494.13

2008-09-30: +485.21

Do you think these factoids will be shared with the public today on the stock bubble networks? Not a chance.

The mindset of the arrogant clueless investor is that by the end of today they will have recovered over 50% of their losses incurred in the last week. Even if they think the economy is headed into recession, they will hold on hoping they can recover 100% of their losses before selling. If they are really dumb and trained like a monkey to BTFD, they will buy some Apple, Netflix, Amazon and Tesla today. Buying the dip has worked for the last six years. It will surely work this time.

If you are a critical thinking awake individual who can see the wheels are coming off this debt dependent bus to nowhere, you would take the opportunity to sell into today’s dead cat bounce.

If you choose to believe the shills, shysters and hucksters paraded on the corporate MSM over the last two days, you will end up like millions of other muppets.

Join me at www.TheBurningPlatform.com to discuss truth and the future of our country.

By James Quinn

quinnadvisors@comcast.net

James Quinn is a senior director of strategic planning for a major university. James has held financial positions with a retailer, homebuilder and university in his 22-year career. Those positions included treasurer, controller, and head of strategic planning. He is married with three boys and is writing these articles because he cares about their future. He earned a BS in accounting from Drexel University and an MBA from Villanova University. He is a certified public accountant and a certified cash manager.

These articles reflect the personal views of James Quinn. They do not necessarily represent the views of his employer, and are not sponsored or endorsed by his employer.

© 2015 Copyright James Quinn - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

James Quinn Archive

© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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