I love that chart! I've glimpsed at it most morning for the last year or so to remind myself that one should really only ever look to go long and it's picking up pennies on the railway track to try to go short. We will likely be at 5000.0 within a decade or so, and with that in mind, i'd rather always buy dips and breakouts.
Pretty funny, the thread was very active from it's start date to page #s in the 270s, when the S&P lost over 50% in a very short time. All that zero risk stuff. After that the thread died for over a year. And now we have it all happening again...So much activity. Can we have another 50% drop? If we do, will the thread die for a year, like it did 9 years ago? The only zero risk event one can bet on is that people die. That is the only true fact about humanity in the universe, that has been proven countless times.
We will obviously go down a little bit at some point, but nothing to get excited about. I think we'll probably get too about about 2600 or so fairly soon and then we will have a drop. The drop will get the bears excited, but that 'drop' will only take us back too a little below where we are now - maybe around 2300 ish And after that just as the bears are getting excited, the market will do what it always does and rip the bears faces off, and then we will head towards 3000+
End of quarter 3, might end at new highs today. My bet is were flat. Media will crow over the weekend.
Welcome to the land of perfect, where every day is an up day. Just buy stock index futures and get rich. It's so easy a caveman can do it..$$$$$$$$$$$$$$$$$$$$$$$