Chris Ciovacco

New Bullish Signals Emerge

Please see my response posted on this page.


On Aug 03 05:46 PM Archman Investor wrote:

> Rah Rah Siss Boom Bah!!!
> Chris Ciovacco, Chris Ciovacco,
> Rah Rah Rah.
>
> Way to go. Asset gathers doing "repeat" articles with updated charts
> in a further attempt to "lure" and "excite" mom and pop investors
> to jump into the market after a 45% run.
>
> Almost 95% of companies earnings were from asset sales, layoffs,
> and every other cost cutting measure under the sun. Revenue at most
> companies was down 30% YOY.
> Unemployment continues to go up.
> The dollar continues to get destroyed.
> Debts are still being defaulted on at an alarming rate.
>
> What you have here is an "asset gatherer" pumping the market in whatever
> way he can so they can keep collecting assets and gathering fees,
> regardless of how much money people end up losing.
>
> I bought back at S & P 680 where people "should" have been buying
> stocks, not 48% higher in a market dominated by terrible earnings,
> media hype, taxpayer money masquerading as "bank profits".
>
> When the powers that be decide enough has been made on the upside
> and its time for the serious downside, you can bet your bottom dollar
> that asset gatherers like Mr. Ciovacco are still going to be wealthy
> after the damage has been done VS mom and pop americans who are going
> to be sitting around wondering WTF happened to their money.