Without question the most dangerous market I've seen...At least in 2008, the CB intervention was in the intermediate stages (not a weekly round robin of every CB talking head in the world)...Essentially, the underpinnings of this market are quicksand, but the enormous leverage (and all the 2x/3x etf's/inverse etf's) create perpetual market vacuums...Just like last August, when VIX was sitting complacently in the low teen's...
You wouldn't see any other presidential nominee saying that about the economy so he is being pretty much straight up ...
August 24th to be exact.....they say those are rare occurrences that have been huge buying opportunities... I think however there will be a time that happens where people jump into the market only to see it go into a straight bear market for years....
Some heavy market swing these two days which is quite surprising given how low the VIX has been.. I can't wait for the VIX to spike up to 25+ again...30+ would be a dream come true....
This is a sideways ranging market, neither bull or bear. Like I said this thing is stuck between 1800 and 2100 until proven otherwise, we will most certainly get more suckers thinking this is going to 1500 when we get to 1800s again.
Its not really dangerous as long as the fed isn't thinking of hiking again, stocks are inexpensive relative to bond yields that are ultra low now, there isn't a whole lot of motivation for fund managers to move to cash or bonds when returns in these assets are non-existent.