NDX making new all time highs again today When Obama told us its a good to buy right here its a good idea to go all in and hang on. Same was true with Bush in post 911 plunge. This bottom was a clear 2B with the second bottom breaking out of a tight channel when Obama made that comment. As a trader you go all in and know this setup will not be seen for a very long time.
What's crazy is the Nasdaq surpassing 2000 bubble levels 500% returns since 2009. Been waiting on that bear market to come but it comes when you least expect it
That's only if you count that 500% from trough to peak. Peak (2000) to peak (2017) Nasdaq it's nowhere even close to 500%.
Bulls at new post election lows: I don't think anyone really wants to be savagely long into next week's hearings.
If anything thats a bullish sign not a bearish sign, if everyone is bearish, that means everyone has dumped, saw so many people get caught today shorting the market on the way up convinced we were going to hit new lows today, and they all got cooked, meanwhile the market just did what it does every day and grinded higher. With that said the market could go either way from here imo, i dont want to be caught in the middle, took everything i had to resist shorting the ES today after missing this move on both sides, when it peaked out the first time mid day at 2367, probably would have been short around 2364 if i chased that down and stopped out at the dead highs, and blown my day out, sometimes the best trades are the ones you avoid.
Lo and behold: Robert Shiller: With Trump, it's not 'hard to understand' market going up 50% "If factors go right and there are tax cuts for corporations, it's not that hard to understand that" the market could go up 50 percent, Robert Shiller tells CNBC. Shiller told CNBC PRO previously that investors should stay in the market because it "could go up 50 percent from here." --------------------- See that, stay aboard the Free Money Train to the Land of Milk and Honey. Doc Shiller certainly is: