We closed near the lows on Thursday and then ciomfirmed Friday. Not sure if it is but it certainly feels that way. Anyone agree/ disagree? I also think the President who has some great policies is also making some mistakes.
Top, yes, but for how long? one week, one month or for the rest of the year? The bull market is still intact.
Absolutely no one believes a top is in. Everyone is talking about tech and ai leading the way into 2026 with gains and just more gains as these top handful of stocks just keep outperforming. One guy a couple of weeks ago said he sees a 10 to 15% additional rally on the rally we just had in tech going into end of year, plus you have alot of funds that have missed the rally and are underperforming the broader indexes that now need to get ahead and play catch up. Aside from that you also have the retail investor buying every dip imaginable....so is the rally done? Nope.
Except Harry Dent and his fellow Perma Bears. He is always saying the top is in. 40% to 50% quick crash imminent.
Not again. He really has been wrong for such an extended amount of time that he makes bears look really really bad. I could see if he was right a third of the time but he has been wrong 97% of the time....you can find unbelievable amounts of articles where he has been wrong consistently,....hearing this video makes me want to buy even more equities come Monday morning...
December 11 2016 You can't have stocks keep going up at this rate when earnings are going nowhere," said Dent. ""I think it [Dow] is going to end up between 3000 and 5000 a couple years from now."
The bull market seems to be struggling. Only up 6.06 % on SPX as of Friday's close. 9.27 % using current all time highs. I doubt we'll see any smooth trends until the economic policies become more clear and stable. Friday's job report definitely spooked the markets, but Trump fired the BLS head, so maybe we'll get some nicely revised numbers soon with hundreds of thousands of jobs added as the economy is apparently BOOMING.
No one knows the future. You might as well be a long term investor instead of trying to guess where the market roulette ball will exactly land in two days or two months from now. It's far more easier, in my opinion, to day trade and understand that environment and expectations.