Posted by parkridge77 on 9th of Aug 2011 at 03:00 pm
Saut called for a re-test after yesterday's historical sell off
( last happened 1940s)
but so soon? Said classcially there is an overshoot-
well we gettin' that- see Rikkwan's great Jeff Suat post--
excellent listen I found especially for commod investors
I did not listen to the recording yet but I did bookmark the
post to come back to later tonight. I use to get Saut's
weekly market letter and found it very insightful. Is he
infallible, no, but I always found him of sound reason and level
headed.
Thanks- I've followed Jeff Saut for 13 years now and he has
helped me navigate the dot com bubble, told me to buy commodity
stocks (what he calls "stuff stocks") in 2002, helped me navigate
the 2008 bear, etc. His calls are pretty good, I can validate
that.
His timeframe, however, is more intermediate-term and suited
more for swing traders or long-term investors. In his
commentary today, he calls for a multi-day rally followed by a
re-test, but overall, what he is saying is that this is a crash and
not a bear market (this type of selling we've had comes at the end
of a bear market, not at the beginning of one).
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Saut called for a re-test
Jeff Saut calls a bottom
Posted by parkridge77 on 9th of Aug 2011 at 03:00 pm
Saut called for a re-test after yesterday's historical sell off ( last happened 1940s)
but so soon? Said classcially there is an overshoot- well we gettin' that- see Rikkwan's great Jeff Suat post-- excellent listen I found especially for commod investors
I did not listen to
Posted by tom on 9th of Aug 2011 at 03:13 pm
I did not listen to the recording yet but I did bookmark the post to come back to later tonight. I use to get Saut's weekly market letter and found it very insightful. Is he infallible, no, but I always found him of sound reason and level headed.
Saut is more intermediate-term and better for swing trading
Posted by rikkwan on 9th of Aug 2011 at 03:10 pm
Thanks- I've followed Jeff Saut for 13 years now and he has helped me navigate the dot com bubble, told me to buy commodity stocks (what he calls "stuff stocks") in 2002, helped me navigate the 2008 bear, etc. His calls are pretty good, I can validate that.
His timeframe, however, is more intermediate-term and suited more for swing traders or long-term investors. In his commentary today, he calls for a multi-day rally followed by a re-test, but overall, what he is saying is that this is a crash and not a bear market (this type of selling we've had comes at the end of a bear market, not at the beginning of one).