Janet yellen and all the other central bankers. They are keeping this 6 year bull run intact. This is history in the making. I mean 5 weeks of gains, the strongest since April 2009...this is no joke...
so everyone thinks this market is going to the moon...its like economic theory/fundamentals no longer applies to anything in the market.... debt farther than you can see with the hubvle telescope, slowing economies, countries insolvent, printing money like its going out of style, companies worth way more than what they are earning....all these being ignored....whats next?
Next, ask yourself, do you want to be a victim of this system, or do you want to see it as an opportunity. Whatever the underlying darkness of our times, we can't choose another epoch to live, we can only adapt to the surrounding reality, and if you're smart enough to understand what's going on, you will prosper when others go down in millions.
Economic theory and fundamentals don't apply...just take every single thing you know about economics and throw it out...economics 101 doesn't apply any longer to any economy. Just keep on piling up the trillions worth of debt...thats the only fix they have...These aren't free markets either......
Truth told. Now market = computers programmed to trade + trillions of dollar injected into the market
in the age of trend riding. use IV to set your stop losses. imagine if you bought the spy/spx with a 6% trailing stop, would be rich.