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And he's right.
Stocks are the buy of the century.
I would pay 2 and 20 annually for someone to buy C for me!!
that was me - I junked you. Reasons should be obvious.
"Reasons should be obvious."
For restating the obvious you get a junk!
""Reasons should be obvious."
For restating the obvious you get a junk!"
you get junked for junking the obvious.
I felt like destroying something beautiful
Junks all around!
Who needs to sell? Baby Bumblers stumbling into retirement are gonna live of the dividend payments, right?
I am curious who he plans on selling 100 million shares to?
The Bernank - of course.
No APPL addition? What a douche.
Now, DF, there's a winner. No margin compression at all for soybean buyers. Hear Silk will be streamed direct to the frig soon.
This isn't a bull market; it's a Buzz Lightyear market!
I hope Tepper loses on every single position he added to. I hate the smug a-hole Tepper.
But he grew up poor in Pittsburg.
Childhood does not matter. The question is: what has he become?
"What has he become?", you ask.
A man takes 2% of your investment and 20% of your profit, annually no less, for buying shares of Citibank for you. He has become, my friend, an accomplished salesman.
At least Mr. Tepper donates to his local food bank, feeding all the people the banks are robbing. Please David spare me the chicken wing and stop investing in fraudulent criminal banks and call them out for what they are. Do some real public service.
Just another wall street jerk-off.
I do not agree that stocks are a "buy of the century".
However, if you do happen to have long positions, I would not sell until we get a signal or a coming sign of weakness.
Unfortunately, I tried being a top picking hero and sold a lot of stuff back in December, but I still have some high dividend payers I'm hanging on to until I get a decent signal to dump those and move to the short side.
No signal just yet, but the market is getting dangerous here and anything could happen.
Robo admitting a "dangerous market"? Huh... Tilson covering NFLX... Huh... Tepper buying millions more C ... Huh? TIME TO SHORT!
Exactly, many cycles theories are likewise pointing to a top, not to mention extreme unsustainable overbought conditions which will be torn down by, among other things, the worsening European debt crisis which will come to a head over the next two days as GDP numbers are released.
Whether today, tomorrow, or whenever, you should be anticipating a high open, driven by futures and options junkies, wherein the broader market prints a top within minutes of opening. THAT is the signal.
What a joke of a market. Hard to believe it has gotten this bad.
Sign to sell will be a flash crash and the mkt does not pop back up.
Even you are stating your stocks are over priced, buy and hold I guess??
Good luck with your stocks and sign to sell.
When the rate hikes come, thatll be a sign. Probs Q3 of this yr first one from the Bernank. Not before.
Gambling billions of other people's money and demanding a cut must be an unreal fucking high. Must be.
Tepper may be a clueless prick but he knows one thing well. In a market where everything goes up, he who holds the most leverage holds the most chips.
I wonder if Apaloosa chases the market higher, or waits for some selling to come into the market to buy. I bet the latter. They need some volume to buy. The volume comes on the selling days.
There has been buying on the dips. Just because this market has gone up 100% in the last 22 months does not mean the economy is going to crash. It also does not mean that it is a bubble.
There may be corrections. (I hate words like that). There may be selloffs. There may be rallies. But, until there is a large top formed, the trend in the equities markets is up. There are no conspiracies. There is no purposeful manipulation. The stock markets are just going up and have been mostly going up for the last two years.
While it behooves every investor, and trader for that matter, to beware of a possible top in the markets, market tops RARELY are a pointy topped looking thing. Market tops evolve over time. They are most often big rounded affairs. And there are often many "tops".
But, as they say. The markets climb a wall of worry.
Definition of a Financial Bubble:
Then gold also must be in a "bubble".
I don't think anyone can call anything a bubble until well after the fact.
Corporations keep reporting "record" profits. Isn't that one of the drivers of share price?
Considering the amount of money that has been created in the past 3 years , do you really believe that the fundamentals for gold don't support the current price.
People are buying gold to preserve their wealth and protect it from the actions of the Fed and other central banks, not because they think they can offload it later at a higher price to the next sucker. Whereas the people buying stocks are doing so for that exact reason. It's not the fundamental value of the corporations, it is that they simply believe that the government will keep throwing free money to the banks who will then funnel it into stocks, driving the prices up. They don't realize that even if equities continue to rise in nominal value, their rise will be outpaced by the nominal rise in gold(which=devaluation of the dollar) and their real return will be negative.
David Tepper's Appaloosa has released its Q4 holdings. During the quarter the famously bullish investor made some major additions to his portfolio, the most notable of which is the increase in his Citi position from 51.3 million shares to 117.5 million: a 66.2 million increase, which brings the total to $555 million as of December 31.
Is that a new record for Greater Fools?
as much cash was deployed to purchase mostly financial stocks
I think that was the point. dump cash...buy anything.
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