"It's interesting to me when we had that 37%, 38% pullback [this year,] a bunch of bears came out of the woodwork, and said... 'we're in a bear market,' and they obviously don't know what a secular bull market is," said Saut. "The primary trend of this market has been up since March of '09."
In 1995, Saut notes the S&P continued to push through resistance even when investors thought there was little gas left. According to Saut, it marked the index's greatest five year run in history. He believes history could repeat itself because there are few imminent dangers. "The biggest risk for the market would be a geopolitical event like a nuclear incident with North Korea. Second on my list would be a policy mistake out of Washington," said Saut, who's been on Wall Street for more than five decades. "But I don't see either one of those occurring.""It's a mistake to try to trade the wiggles here. I think the most important thing in a secular bull market is not to lose your stock positions," Saut said.
TradingNation 🤔 We’ll see.
TradingNation 🚀🚀🚀🚀
TradingNation Well done realDonaldTrump another record economic gain
TradingNation I havent seen Monday futures yet but it looks like families with dicretionary income are ready to shop for the holidays
TradingNation Rally 2021 take care . Black rock jp Morgan and goldamn manipulator
TradingNation .
TradingNation to 'investors' - 'BUY! BUY! BUY! We need more bagholders! Economy is in a best place ever - on the middle of pandemic and Recession/Depression'
TradingNation Yes! Pump it up! Debt doesn't matter! Negative GDP doesn't matter! 20 MILLIONS unemployed doesn't matter! Economy is in a best place ever - on the middle of pandemic and Recession/Depression.
TradingNation 🙏
TradingNation Trump will read this and see the word bull, then bullshit, then tweet he is the reason for the 10%. 😂
TradingNation DJIA is a straight up trend. GDP is straight down. That can’t be sustained for long. It will be a big correction when it happens. Every stock I like is at a 52 week high. I’m out. Waiting on the dip.
TradingNation O god, drop incoming
TradingNation is evudente black rock , jp morgan , goldamn want more and more , rally continue 2021, take care
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