That's cause he woke the fuck up just like he did in October of last year when he proclaimed "Alert alert alert", the bear market is over. After he missed 6 months of record highs. Well I think now he realizes... we're fucked. Trump said tonight over 200K could die. Experts are saying this virus will rear its ugly head again this Fall.... WORSE than it is now. I mean if you want some uncertainty in the markets.... I don't think its going to get any more uncertain than that. But whatever. I'm glad B1 has me on ignore... if I read one more of his FOOL posts... I think I'd puke. For real.
So there will be a little bump at 2520. Likely will retrace up 3-5 points before resuming down to 2500.
In the end, fundamentals always win. What we see happening day after day are machines programed by the best and brightest, backed with tons and tons of cash, battling other machines programed by the best and brightest... also backed by tons of cash. We are mere specks of dust, if that. Not even that really. Now if you guys have figured out ways to ride those waves like I'm sure a few of you have, more power to you. But in the end... we will settle far below the all-time highs. We are probably near a multi-year high going forward right here as I type. Make no mistake, after all the games are played out... fundamentals always win in the end. If what they say is true, our economy is going to contract in a big way, and it'll take years to rebound. Nite-all.
Huh?? I was only expecting it to go up to 2025-ish, but went up to 2528. But it's all good now. We're at 2518.
However there's a somewhat important trendline on the hourly at 2513-ish, so we might see some support. If that breaks, we're smooth sailing down to 2500.