I have said this countless times....this historical stock market run has never been witnessed by anyone ever in history of mankind....even Cramer said it: Cramer: I've never seen market FOMO like this in my life "Mad Money" host Jim Cramer said an overload of buyers in the stock market is resulting in dramatically rising stock prices. For example, the broader market decline didn't stop voracious buyers of UnitedHealth from pushing its shares higher, Cramer said. But this action, caused by investors' FOMO, or 'fear of missing out' on the gains, isn't happening in a vacuum, Cramer argued. Elizabeth Gurdus | @lizzygurdus Published 6:12 PM ET Thu, 18 Jan 2018Updated 5:23 AM ET Fri, 19 Jan 2018 https://www.cnbc.com/2018/01/18/cra...e-this-in-my-life.html?recirc=taboolainternal
Exactly....you know these guys are selling....how much upside do these guys think is left....and how many more hundreds of billions do they need....guess $160 billion fund is still peanuts to them....
if this market is really going to explode higher towards 3500.. I think it needs increased volatility..(1 step back 2 steps forward --on repeat) 1987/ 1999 was never a straight line
Amazon added yet another$25 billion in market cap in only a few days... Remember what I said...law of large numbers will be the cause of the collapse!!!
2017 was the straight line. 1986 (off the top of my head) into Aug 1987 was a relentless bull. 1998 collapsed into the fall (Long Term Capital Management) before Greenspan set off the first in this series of echo bubbles. 1999-00 had "all sorts of crazy" going for it before some form of reality set in. This has a different vibe due to the overwhelming algo presence. The volatility "clusters" more in a few bars, as opposed to the 1999-00 period which was a lot more ebb and flow/price discovery. It's near impossible to really compare these markets to historical analogs.
What should have technicians taking notices is the lack of retrace. Basically we have gone straight up with some sideways action thrown in.
Every time (during these multi-week bull legs), you get one of those ultra sharp, scary plunges (especially between 5-7am (ET)), it turns into more fuel for the parabola. Last weekend's "scare factor" of a government shutdown, coupled with an elevated VIX is another recipe for a sharp leg higher. This market preys upon the memories of trader's from a different era.