it's not about a crash.. markets can and will move lower on no news. the pain trade will come.. nothing goes straight up...
Insane!!!!! Nearly 60 years!!!!!! Doug Ramsey of the Leuthold Group noted last week that on Jan. 5 his preferred gauge, the 14-week Relative Strength Index, reached its highest level since 1959 — and then the market pushed higher still into last Friday and Tuesday's morning peak, before stocks reversed by the close.
Agree .....we have seen this time and time again.....I keep thinking that law of large numbers will eventually pull markets lower...I have been reading about companies that are decades old some over a hundred that are adding more in market cap in the last 5 years than of all the lifespan they have been a company......
the bulls right now are like the Hillary camp supporters in October 2016... already picking out the drapes and arranging the fireworks show
Come on fed where are the Fu©king rate hikes.......booming economy with low unemployment, 3%+ projected GDP growth, record earnings, record stock prices, increased wages, inflation running rampant....yet nothing being done ....raise the fu©king rates and stop bowing down to wallstreet.... Fed's Beige Book: US economy, inflation growing at modest-to-moderate pace The U.S. economy and inflation expanded at a modest-to-moderate pace from late November through the end of 2017. Wages continued to push higher Several regional Fed districts noted increases in manufacturing, construction, and transportation input costs, according to the Fed report.
I think new highs are definitely coming now, but I wonder how high they can get it without any sort of significat (say 50 handles or whatever) pullback Maybe 2860 and then a pullback to 2800, ,and then 3k or so?