As we near the session highs cry's CNBC....Guy taking lunch break on East coast, glances up at TV and smiles, as mayo oozes out of his sandwich. Same thing over and over and over.
they've pretty much wiped out the drop again, luckily. Kicking myself for not being braver, although I did add long. Just not many units
Right now, you have funds coming in from Americans and also from overseas betting on Trump. The Hussein rally was not due to his policies, but was due to the Fed printing money and money coming back into the market that was taken out. It had nothing to do with anything fundamental. This move IS based upon fundamentals and folks are more comfortable now with the new(old) policies.
I should point out that the S&P hit a high of 1576 prior to the 2007-2009 meltdown. Today we are @ 2846, so you can see that we have not even doubled in a decade. An argument can be made that this move is in it's infancy with all the new money coming in and that includes repatriation.
got chopped out of a couple trades on the NQ, lost a few handles. went long again at 6968, stop 6903.
S&P 500 is up 327% since March 2009 and 58% in just shy of 2 years. (No opinion on future direction implied).