Don't Worry Bottom's In For S&P 500 And US Treasuries Are Headed Up - Andrew Butter

Andrew Butter

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Don't Worry Bottom's In For S&P 500 And US Treasuries Are Headed Up 5 comments

Aug 8, 2011 2:28 PM

I got chastized by SA editors for not writing "actionable stuff".

But they don't publish my "actionable" stuff:

Like "Oil is going down": 30th April - then Brent was $127 - now it's $105...that was an actionable call wasn'e it?

Then on 4th August I wrote, "Bottom on the S&P 500 = 1150".

OK right now it's 1,140 , but that's intra-day, I work closing.

Actually I wrote that in June, but they didn't piblish that either, what I'm wondering is what sort of "action " SA editors need.

Like....err the wrong answer - two years ago they didn't publish an article I wrote trashong tyhe hypeinflation idea, instead they published hundreds of posts on that idea.

Err..so where is it then.

I got it - what SA editors are looking for is the wrong answer.

Don't worry - be cool, time to buy US Stocks - blood on the streets.

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siliconhillbilly Comments (1660)

"Don't worry - be cool, time to buy US Stocks - blood on the streets."

I did. Got some nice prices on high yield, high quality companies. Thanks for the good advice.

This was a "perfect storm", with multiple bad news items showing up close together. Blood on the streets! Now it's over with in just a few weeks instead of months of dragging along.

Now if the fed gov will just do something coherent about the deficit, we could have a nice recovery over the next 12 months. But I ain't holding my breath. They are POLS, that's not what they do. They get reelected. That's apparently the only thing they do these days.

8 Aug 2011, 05:32 PM Reply Like

Wildebeest Comments (778)

yeah it has got pretty screwy on this site over the past year.

8 Aug 2011, 06:02 PM Reply Like

expatsp Comments (156)

Well, we closed below 1150... but I suppose a few points don't matter here or there. I did some buying too, but I am scared.

8 Aug 2011, 06:07 PM Reply Like

Andrew Butter Comments (1622)

Well looks like I was wrong about the bottom, but I don't think it's far away

9 Aug 2011, 02:50 PM Reply Like

siliconhillbilly Comments (1660)

Andrew, your call of the bottom was amazingly close. I believed and I bought. I'm now very glad I did.

Sure, we tested it again in October, but August was the bottom of the down trend. Perfection I don't expect.

Thanks.

19 Mar 2012, 02:46 AM Reply Like