Run For The Roses

Stocks are making a run for the roses and this marks nine out of ten days with positive breadth. That is extremely overbought and almost always leads to a pullback. I will be going net short tomorrow if we gap up. Have a good night.

11 comments:

larry said...

i have always found your comments to be spot on, and correct at least 80-90% of the time which is incredible when you consider how many so called advisory services do a lot worse.. not only that but you are big enough to admit when you are wrong, which almost NO advisory service does. they always "re-interpret" their comments and the data.. you are a unique guy, let the nay sayers "whinny" like the horses arses that they are somewhere else ... oh and by the way have a happy new year

larry said...

ps. do you ever comment on the precious metals? i have never seen you post on this

Onlooker said...

I'll second that comment by Tsachy. Don't let the web idiots get you down. I know you won't as you've repeatedly demonstrated.

Ying Tan said...

i agree with the first comment!

Anonymous said...

Keep on going Tsachy. Haters/Jealous folks will always be there to pull you down, no matter what work you do. Focus more on what you are good at and what you love.

You are polite, energetic, knowledgeable and helpful even with anons. Your baby is lucky to have a dad with those attributes. :-)

--Steven

Chaos! said...

If certain participants don't have the maturity to carry on an intelligent discussion of the state of the markets you should delete their nonsense. I find your discourse always thought provoking and well reasoned.
I don't always agree with you, but benefit from the input even more in such cases. I hope you benefit from the debate as well.
Your's is the best stuff I read on the web. No BS and no fudging of the facts, in short a breath of fresh air.
Ignore the ignoramuses!
I'm a Christian , but I wish you and your family the very best for the high holidays.

Anonymous said...

i have seen you make trades that seemed completely crazy at the time,but turned out to be spot on. going against the herd is gonna be hard. screw the haters, they gonna hate no matter what. keep doing what you do best, and thanks for sharing your thoughts and ideas with us.

Anonymous said...

Ditto to all the positives. I check in with you multiple times each day. You were influential in my investment in BRKB, my C short, and VOD which I picked up under 20. Thnaks so much.
Praguer

Anonymous said...

I went heavily net short yesterday. Could we please skip the gap up?
Praguer

nicasurfer said...

Hey cap, what are u thinking abiut the yen intervention?

Tsachy Mishal said...

Hard to see how it could be a negative in the short term. It is either neutral or positive.