Your theory was really wrong. Yeah you mean all time highs. When you have the most unstoppable market how could it ever drop 8-10%? It never will again. People here still don't realize how unstoppable this market is. I will never be wrong with my bullish predictions, because this market is truly unstoppable. All of you have no idea how unstoppable this market is. And I can't possibly be wrong because it's the most impossible thing ever in the history of the world. This will never go down again.
Could never drop 8 to 10%? I just want to clue you in on something...... A simple drop of 10% would put the SPY back at December 2023 levels..... Let me repeat a 10% drop which would literally have the entire market on edge and most likely the fed adding QE TARP and lowering rates down to 4% would literally have the s&p 500 back to mid December 2023 levels... You do know that's only 3 months ago....we aren't talking 3 yrs or 30 yrs... I'm telling you if the spy dropped 10% people would literally be crying depression and 1987 black Monday crash.....a 2 day 1.7% sell off feels like the end it all for all the new investors and traders especially cnbc when they run their special market drop news updates... Fear is much greater and stronger than greed and as most know stocks take the stairs up and the elevator down.
And the total market cap of all stocks combined over GDP is now at a gigantic 188% which signifies extremely overbought conditions
No they wouldn't. No one would cry because they know by now that it always makes a fast V recovery. None of the GDP comparison stuff matters when you have unlimited money to print. If you think it's overbought now, imagine how you will feel when QQQ is 500. Not even sure we see the lows we saw earlier this week again.
I'm all ears if someone can tell me how this market can actually fall. I don't care what it did in the past. This is a different animal. When every drop is instantly eaten up and the thing is literally rigged to only go up, there's not really much that can get in the way. There's obviously a force that will prevent this from ever going down. NVDA has only had 1 red week all year and that was the first week of the year. It has been up 11 straight weeks. Even with the pullback it still can't have a red week. If you look at every singe candle, everything is bullish. The Monthly candle was somewhat in question, but thanks to the mega pump this week, it turned bullish. I've read across different boards that people think at some point it has to correct. But time just keeps passing and it's not correcting. When it tries to pullback it gets instantly saved every time. So again, how on earth does this ever change? I said that we would never revisit the low 400s, which occurred during the first week of January and was laughed at. Now it would take more than a 10% correction and that clearly won't be happening. When QQQ id like 460-470 that thought of even approaching the lows from earlier this week will be a similar situation. That's the reality of this market. It's not going down and there's nothing that can change that.
It's when you least expect and then swoooooooshhhhhhh Everything being propped up. Only way to keep markets up is by juicing them. ... Iffff the spy at around 4100 would have dropped 1000 points in a few months instead of risen the fed would have had and emergency meeting and all those fools wishing for rate cuts would have gotten them now. Trust me we would have rates around 4% if the s&p was trading below 3000 right this second today. With markets going gangbusters and world markets at consistent record highs..a job market where unemployment is at record lows. Wages right where they need to be ...gdp doing exceptionally well and corporate earnings just kicking ass quarter over quarter and year over there is zero reason for rate cuts especially when markets are at new highs.
Yea, we have had the largest rally since the 80's without a correction. A big rally in anticipation of Fed pivot is normal, so is a plunge when they begin. Maybe if they lower real slow it won't be so bad - I would not count on it.
Could we be facing another 2019-type rise in the markets? That was not a presidential election year. Blah!