can't compare japan to US since they are very dependent on a weak dollar for economic growth, but the only recession they had since zirp was 07-09 and they hiked rates from 0-1% leading up to it
Exactly. They keep markets in check just by talking about it. The smart money unload when the suckers start believing that higher rates are good for stocks, and they buy when the same group of people start talking about ZIRP forever and recession. The reality is that this is a market thats going nowhere fast, the fed likes it that way so they want to keep it that way.
Yep sold my TVIX for a tiny profit this morning and as soon as I sell it it skyrockets into the close and after the markets close....left $500 on the table. The day I bought it it fell straight down...the day I sell it it goes straight up....what are the chances ...the odds...guess that's just bad market timing on my behalf...now to wait patiently and do it all over again....Dow off nearly 500 points in 2 days so it should be an interesting Monday opening...maybe one like August 24th??? Nah...they wouldn't let that happen twice in one year...
If this market isn't ripping the bears, it just reverses course like a steamroller...the way it sells off though is that "rolling chop" that makes you feel like it could just rip 100 pts or 20 s&p points on a whim...
a lot of people had turned pretty bullish after that Oct move straight back up to 2100... I would say your sell bets are safe
Sort of relieved to have this fella's analyses coincide with mine, but that's a purely technical outlook (like mine), but what worries me is that an analyst that I have been following for many years now suggests that there is no bubble, hence my previous post that if I start seeing some TUDUMDUMDUMUPPP, then I will have to reverse.