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Entries in retirement accounts (1)

Saturday

Mar092013

The Biggest Triple Top In Trading History

March 9, 2013 at 2:39 PM

S&P 500 | The Biggest Triple Top In The History Of Wall Street

We talked about this last night but we need to talk again. It's not only quite possible, it's highly probable that you will never be confronted with a Triple Top in the S&P 500 of this magnitude again in your lifetime. Does this mean you should trade it? It means you need to be aware of it. It means you need to understand the potential ramifications.

Is this a doomsday warning? No, in fact... we could be on the brink of the greatest bull run in history. Do I believe that? Not really. However, if there is one thing I can say that I do know with great certainty, it is this - "anything can happen". There was a phrase coined on a CFRN live broadcast several years ago - "Embrace the possibilities". More than anything, my clarion call today is to encourage you to avoid becoming biased as to the ultimate outcome. To remain neutral, is to remain nimble, which allows you the luxury of participating in whatever unfolds. Both the Bulls and Bears offer very compelling arguments in regards to what lies ahead.

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