As a citizen I don't like bear markets but as a trader I love them. This steroidal volatility does however require adjustment in trade plan parameters.
Thanks, Pekelo. I don't normally make long term predictions, but once in a while I feel there's enough data to make an educated guess. Sadly, I wasn't able to profit on it. At least not as much as I could have...
Frankly I don't care what your "catalysts" are. But it appears you should have cared about the 200 day average. Sounds like YOU need some schooling about the idea that the stock market is a leading indicator. Anyway, post your "catalyst" when it turns negative. LOL!
To put things in perspective, in March 2013 we broke through previous all time high level. That’s roughly 46% below the 2941 cash high we made this year...only 5.5 years ago. Ask yourself what is really different between now and then and it can give one a glimpse of how realistic a drop back to that level is. 5.5 years up and could take only 1-1.5 years to drop back down.
Agreed. I think as long as stock buybacks are in play, the market can continue to support its own euphoria - a rather unique situation. If FAANG or Tesla starts having serious problems, this could cause a marketwide disruption that would have a bit of a domino effect. With the onset of the algo's, that could get out of control quickly. Just throwing out ideas. Something will break eventually. Lol you guys are harsh. This is a bloodletting and it looks like most large players are just standing aside. Time will tell.
Do i know you? One down week and we're in a bear market now? Another ET idiot who thinks technical indicators are magic. Feel free to school me, bud
The market is down 292,50 points/-10,0%, continues making new lows and people are still waiting for a 'bear catalyst'. By the time they get their catalyst, it's probably time to be a buyer. That said, I think it's a time where one can start to anticipate a potential bottom. Not that I'm calling one.