Yes, all but INTC are down. Trump just said: next week tariffs on chips and there's a rumour that the US will buy a stake in INTC. It's a one man show.
It's different this time! To be honest, I've heard the market's overvalued since I started trading. People were calling for a market crash when the SPX was around 1500, too. I saw quite a few fighting the initial QE rally for a few years. Hell, I was probably one of them. I never found it to have any value for actual trading.
I agree with you about not fighting the chart and trying to leave my opinion on the economy, politics, etc. totally aside. But my personal experience trading is different than yours. I started trading right before Lehman and the great financial crisis, and man it did leave me scarred. I didn't lose much money (and I could afford it), but to see that everything could collapse basically overnight... and then after almost a decade of trading on and off not really going anywhere (overall net profitable, but waaaaay below what I would have made just averaging, buying and holding), I went back to trying to trade large... the month before covid Anyway, this is still V's and the Apprentice's market: just buy any fucking dip, average down if you need to, never close at a loss and keep ringing that cashier - I just don't have the mental makeup for it
Did you see yesterday, TACO floated the idea for the forthcoming privatization of Fannie and Freddie under the symbol (MAGA)? If it happens, the next mortgage meltdown can't get here soon enuf.
I was just talking to my friend about that. If they weren't in conservatorship, it'd be a great idea. I worry about spreads blowing out (even more) if they're taken out of conservatorship.
How did it leave you scarred? Did you go long and lose money or what's the story? I can relate to scars. Most of my scars come from shorting the market. Both in my formative years and even during the covid plunge as the counter rallies were extreme. My journey had begun in 08/09, but I was only dabbling with swing trading stocks then. No day trading. I wish I stuck with swing trading stocks. The funny thing is that even in a bear market or correction - buying the dip still works. If a (day) trader would have to choose only one single strategy - buying the dip would be the best choice.