Today is the last day of the quarter. It is window dressing time, the market should be up today Monday June 30th.
This morning I got an email from a guy I worked with years ago in Wall St. He is smart, he is a lawyer, we will call him TI, he gave me five or six suggestions concerning my Market Call Video. He said:
Frankie your 1987 crash call was great but at that time you showed every one in the Risk Arb. Dpt. some charts, each with a reason for your Crash Prediction to come true. But this time no charts, no reasons…
I said :
TI that’s exactly the reaction I was hoping for. There must be a thousand Market Call Videos on You Tube, all saying the same thing: By 2015 the Market will crash! or Hey 6 to 9 month from now the Market will go down or up! and they all have a 10 or 15 charts with reasons. This or that will happen.
This is not a prediction, this is a guess.
Hell! anything can happen in 6, 9 or 12 months, bullish or bearish and sometimes both. It is like talking to an analyst for half an hour and then he says, on the other hand. Please, give me a one handed analyst.
I did take TI aside one of the days after the crash an explained to him the 87 crash was easy to call. All the indexes were hitting new highs while the advance-decline line was tanking, going down, a major negative divergence.
I finished this morning conversation with TI by saying RE READ MY OPENING STATEMENT:
IT’ S ALL OVER!
REMENBER THIS DATE
BIG CORRECTION STARTING NOW!