A good strategy would be to buy just any SP500 stock that had a news release (doesn't matter if good or bad , just needs the symbol on the wires with a headline) in the last 60 minutes. Go long, hold 48 hours, then sell at market open. Easily 80%+ winners. Awesome $$$.
Not a chance. Today is the day the party came to an end. You watch this inflation-housing-slowing earnings growth-BOJ rate hike-tax seasonality snowball gain momentum now.
bylo usually were both on the same page, but I have to disagree with that. There is still strength in this market.
I have a feeling the next correction (not sure when it comes, could be many months away, could start this second) will be short-lived, i.e. not very deep. Just a gut feeling, there seems to be a lot of cash on the sidelines waiting to enter the market when prices come down just a tiny bit.