Thursday, November 20, 2014 12:33 PM EDT
Early this morning, when the ES was down double digits, an esteemed Sloper made this remark:
![1120-pipe](http://slopeofhope.com/wp-content/uploads/2014/11/1120-pipe.png)
Comments like this, for someone like me, are really, really annoying. They are also really, really correct. Which makes them doubly annoying (to be clear, I’m just ribbing pipesticks; I’m actually not annoyed). But the fact is that the BTFD crowd has been right since, oh, the last ice age. A look at recent ES activity shows that buying any dip is a completely numb-skulled and 100% successful strategy:
![1120-es](http://slopeofhope.com/wp-content/uploads/2014/11/1120-es.png)
If you need me, I’ll be over here in the corner, utterly slack-jawed.
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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