Free money monday Dow Jones 30 26,186.0 DERIVED 07:55:40 | Futures +209.0 +0.80% S&P 500 3,200.88 DERIVED 07:55:40 | Futures +22.38 +0.70% Nasdaq 10,935.38 DERIVED 07:55:41 | Futures +98.13 +0.91% SmallCap 2000 1,435.45 DERIVED 07:55:42 | Futures +15.85
amzn up now $60 to 3260 Another $32 billion in market cap added Tesla up 105 to 1650 Another $19 nillion market cap added.
I was laughed at 7 weeks ago when i said the rally has put the decline to shame . Now its put the decline to shame 2 fold. For the mkt to have fallen 35% after an 11 yr super bull was no big deal . But for the naz to rise 61% in 3 1/2 months and take out high after high during total chaos in the world can't be put in words.
I have said for days that there are only bears on this forum. This tells you something. And they continue to say the false logic that if the stock went up X% it has to go down -X%. There is no such logic. All academic tests show a random walk...YES, it cannot go up 10000X% forever, but it can certainly be flat.
My excellent sorting skills show me that EVRI us up 16% and TSLA is up 13% in an hour. If this continues it will be up 100% by end of day. And the be up 1024 times by next week! It will be the largest company in the WORLD!!!! So expect it to drop right this minute. QED!!!!!!!!!!
Apple up $15 hahah Adding $65 billion in market.cap These moves are absolutely insane but everyone just thinks this is a normal.market. yep
The market is not the Naz. And even the Naz is not the Naz. A small number of tech highflyers are a yuuge chunk of the gain. Take them out and very likely it would be doing what Dow and S&P have been doing, going sideways to slightly up for the past month or so. May be time for Fed to goose the market again.