I just read the introduction to the weekend newsletter and it
all told me one thing. None of us have any idea how quickly this
crisis will be resolved, or where stock prices will be in 30 days,
60 days, 90 days? Is the $SPX going to 1800 or new highs over
the next few months? I'd put even money on either side of that bet.
I am a portfolio manager, and have been for 30 years. I have never
experienced anything like this. No one else has either. I am not a
trader. I'm a good technical analyst. I don't even remember how I
chanced upon
Breakpointtrades.com. I do
remember being intrigued. I have access to all kinds of
institutional research, yet I had never seen anything like Matt and
Steve were doing. I subscribed and thought, let's give this a
chance. At first my skepticism actually grew. Who were these two
guys? No credentials. No track record. But I remained intrigued.
I've been a member for years now and consider this the best
technical analysis site I subscribe to. I consider it to be my
secret weapon. I want to congratulate and thank Matt and Steve for
all their hard and great work. It isn't easy to do what they
do. I look forward to being a member for years to come. As for now,
we are in completely uncharted waters.
Thanks pkrsek (and all) - see Fed Kashkari comments. One
thing is that this is first and foremost a health issue that has
produced massive economic dislocation - hard to say how things
unfold but it appears one should expect some degree of rolling
flare ups and controls until a vaccine or proven therapy is in
place. My theme in such an environment is to continue
to take things one day at a time and making larger bets only when
supporting evidence is in place.
I just read the introduction
Posted by pkrsek on 12th of Apr 2020 at 10:05 pm
I just read the introduction to the weekend newsletter and it all told me one thing. None of us have any idea how quickly this crisis will be resolved, or where stock prices will be in 30 days, 60 days, 90 days? Is the $SPX going to 1800 or new highs over the next few months? I'd put even money on either side of that bet. I am a portfolio manager, and have been for 30 years. I have never experienced anything like this. No one else has either. I am not a trader. I'm a good technical analyst. I don't even remember how I chanced upon Breakpointtrades.com. I do remember being intrigued. I have access to all kinds of institutional research, yet I had never seen anything like Matt and Steve were doing. I subscribed and thought, let's give this a chance. At first my skepticism actually grew. Who were these two guys? No credentials. No track record. But I remained intrigued. I've been a member for years now and consider this the best technical analysis site I subscribe to. I consider it to be my secret weapon. I want to congratulate and thank Matt and Steve for all their hard and great work. It isn't easy to do what they do. I look forward to being a member for years to come. As for now, we are in completely uncharted waters.
Thanks pkrsek (and all) -
Posted by steve on 13th of Apr 2020 at 08:55 am
Thanks pkrsek (and all) - see Fed Kashkari comments. One thing is that this is first and foremost a health issue that has produced massive economic dislocation - hard to say how things unfold but it appears one should expect some degree of rolling flare ups and controls until a vaccine or proven therapy is in place. My theme in such an environment is to continue to take things one day at a time and making larger bets only when supporting evidence is in place.
Thx for sharing your insight
Posted by arun on 13th of Apr 2020 at 08:54 am
Thx for sharing your insight and YES ...this website is the best as it gets in technical analysis
Pkrsek, very well stated tribute
Posted by eberhard on 13th of Apr 2020 at 12:33 am
Pkrsek, very well stated tribute to Matt and Steve, especially coming from a pro.