Every market is going parabolic, fomo Is literally running rampant throughout every market, ftse up 15 days in a row, s&p breaking its own record for most consecutive days up in a row, not seen a record like this on s&p in nearly 20 years,! From one extreme to the next... Where would markets go if they lower tariffs on China to 100% or 75% or maybe even 35% which is where they will probably end up negotiating on ...do stocks go vertical and jump 5% in one day and continue to jump to historic highs??? The market psychology has shifted to fear of not being in stocks, equities surging 20-40% and everyone still rushing into buy ahead of this tariff decision that many feel might happen much sooner than later. https://www.cnbc.com/2025/05/02/can-the-ftse-100-rise-further-after-record-breaking-run.html
This guy is still bearish Tom DeMark Warns of Imminent Bear Market, S&P 500 Could Drop 20% https://www.ainvest.com/news/tom-demark-warns-imminent-bear-market-500-drop-20-2505/
VIX keeps dropping,bulls are climbing a wall of worry(can a bull climb?) BTC prolly back over 100k next week.
The general public is generally dumb and generally average. Think of the general public as plankton shrimp pigeons mice minus the brains. Don't get too concerned with their movements and behaviors
I had never heard of this guy (Tom Demark) until your post. So went to YouTube to have a quick look for any interviews. His track record from his you tube interviews does not seem good. Often predicting selloffs that don't happen. The opposite often happens and the market continues higher after his top warnings. Not to say he can't be right this time, but somehow I doubt we are going lower unless some major negative event happens that isn't already priced into the market.
I think most if not all those who are bearish with their predictions are mostly always wrong. I have noticed a handful of bears wrong on most of their calls yet they still broadcast them consistently... If you put up a poll right now after 2 weeks of straight gains most will say markets are NOT headed lower that in fact will probably race to fresh highs within a few weeks. This is where the market psychology shifts dramatically. Just 2 weeks ago you could have had thousands of stocks literally 20 to 30% lower yet most were selling, fast forward to today and people are jumping over each other to buy stocks as if there is no more downside at all coming.. This is looking a bit extreme now. And imagine we get the China deal settled and markets jump up only to close down in the red......
You were right about 5000 before 7000. Which was a great call. But they rallied the S&P at 19% down, just like they did in 2018. The Trump tariffs were not bad enough to take the market down 30%+. Need something worse, like Covid or 2008, or the 10% inflation we saw post covid. Or the SP500 needs to go full bubble and hit a 50 Schiller cape P/E and then it might collapse 40%+ under its own weight.