Last time we had a HO the Dow was below 10,000. Since then it is close to 5% higher.

Seems that we should maybe consider it a BUY signal not a SELL.

I am sitting on big gains for this great stock pick Matt. Thinking of holding med term...

Your thoughts Matt?

I'm holding. Sitting on big gains but not selling for the medium term.

Matt, are you planning on  adding AIG to the watch list?

MG, You need to ask yourself why the inordinate focus on the bear side. Its understandable how you feel when the market goes against your analysis. Happens to everyone at one time or another. However I think you should consider that                 

we are in a cyclical bull market (within a secular bear) and its ok to play the long side now. These trends last a couple years so by the time it enters a bear phase you will have missed a lot of opportunity to profit. I hope you are not shorting this market. 

Conventional wisdom says when the bullish sentiment gets to an extreme then expect a correction. In most cases that is what happens. However I believe there are  many sidelined investors (sitting in bonds in bonds ) who are beginning to realize they have really missed the boat regarding the gains in equities and they are beginning to step back in. I actually believe we could see a major move to the upside . Exactly what the sentiment watchers will not expect.

Lot's of shorts will get squeezed today IMO.

Yes , been in and holding long term.

I may be wrong but isn't it true that both these guys have been terribly wrong on their calls since the "crisis" began? Schiff had his followers shorting the dollar when instead it rallied incredibly when everything else was going down. And Prechter has been calling for a deflationary collapse while everything else (pretty much) has been in a bull market since 3/2009. 

I don't know why anyone would want to listen to these guys...

I'm in it from about 1.65 but sold 1/2 (per Steve's always good advice) when it hit 2.25.

Letting the balance ride as long term investment per Matt.

Matt,

Where is the SPY system located on the site? Thanks!

What are they yielding? The EU will not let them default. Could be a great by.

FAZ is the biggest dog ever. A sure way to lose $$$$. 

Agree wholeheartedly. There will be some bargains in the next washout (and it WILL come if the dollar rallies) and that is when you should have cash ready to buy.

Thanks Roger. Let us know when it goes long again.

I think you are probably correct. It does appear that he works for BPT by all his posts.

Thanks Matt! You are the best!

Matt,

Where can I find this chart on the site?

ThanKs!

Clive tends to go to extremes (the sky is falling!). I canceled my membership after his huge swings. He had his subscribers shorting silver and gold not to long ago. The Dow was going to crash yadi yadi ya. I almost take his calls as contrarian indicators now.