New historical highs for Russell and Nasdaq.....Dow Jones is way way behind....needs another 1600+ points!!! Let's see how long they can keep pushing these markets.....by the time the Dow gets to 27000 the Nasdaq should be at 8000+ but that's only if the top 5 loved Nasdaq stocks keep rallying
SPX did break and close above the stubborn range on relatively strong volume. See what it can do next at ATH.
Have seen these breakouts before, what's going to keep the rally sustained, the financial stocks participated in most of the rally today ...seems the market has shrugged off the tariff news and talk about Europe ending QE which I can bet they won't once they see markets reacting negative to the news...remember all gains in this market are all related to trillions in QE ....going to be interesting to see what happens when it ends.
Predictions for $400 on nflx I would not want to be in this stock once an inkling of bad news comes out, another extremely top heavy stock In a totally totally saturated market..... Once subscribers drop it will be over....remember the days of AOL, yes this reminds me of that....running higher only on the grounds that they continue adding accounts. Once account levels stagnate And drop nflx is DONE!!!! For now it's nothing but up but with a PE ratio of nearly 300 there is zero room for error just like amazon! Netflix, already up 90% this year, could soon crack the $400 mark, says chart watcher https://www.cnbc.com/2018/06/06/net...-this-year-could-soon-crack-the-400-mark.html
You said basically the exact same thing in 2015 when markets corrected and the SPX was in the low 1900s. Anyone who followed your advice missed out on an advance of 800+ points in the SPX. You are the kind of noise that detracts people from making money and staying the course on quality long term investments. You even told someone on here to liquidate all their US investments in late spring 2009.
As you can see I'm still here, I'm still trading, I'll admit I lost money on the short side, but still sticking to the short side and not changing my opinion....I still talk to others who are long and tell them to hedge with at least 10-15% of their portfolio....all I know is that markets take the stairs up and the escalator straight down.... markets are going lose 40-50% once the next crisis comes fluttering down....it always happens...this market is not immune and never will be, February was just a tiny sample of how quick volatility can surge and how quick fear can enter the markets, yes they have come back quick but there will be a time when markets collapse and don't come back for years and years....until then it's just a guessing game on when it will take place.
Don't be ridiculous - making excuses for yourself or others who lose. No one has a gun to their head.
Imagine 18 record closing lows for the year and down 7% for the month !!!! The fed would have issued QE 3 4 5 and 6 The Russell 2000, which is composed of small-cap stocks, logged its 18th record close for the year on Wednesday. It's up 7 percent in just the last month and 20 percent over the past year.
Today dimon says in an interview: "If you look at how the table's set, consumers are in very good shape," Dimon said. "Their balance sheet, their incomes, wages are going up, their debt levels are low, all the credit written since the Great Recession is pristine, whether it's mortgage credit — other than student lending, which is done by the government." Consumers are in very good shape, says who??? According to dimon he says consumers are in very good shape!!!! All lies He's just lying because according to these facts what he says is NOT true... Let's break it down Consumers are in very good shape, their balance sheet.... Consumer debt is set to reach $4 trillion by the end of 2018 Lorie Konish | @LorieKonish Published 12:43 PM ET Mon, 21 May 2018Updated 1:57 PM ET Mon, 21 May 2018CNBC.com Consumer debt has grown since 2012 and is poised to reach a new high by the end of this year. Individuals are spending about 10 percent of their income each month paying nonmortgage debts including auto loans, credit cards, personal and student loans. Wages are going up??? Haaaa maybe for CEOs Workers getting bigger paychecks, but wages still aren’t rising rapidly By Jeffry Bartash Published: Apr 6, 2018 2:39 pm ET An ultra-low unemployment rate and multiplying labor shortages are helping to boost pay for American workers, but wages still aren’t soaring like an eagle. The increase in wages over the past year edged up to 2.7% in March from 2.6%, the U.S. employment report for March showed. While that’s faster than the annual 2% gains that were the norm early in the expansion, it still falls short of the 3% to 4% increases that usual prevail when the unemployment rate is as low as it is now. Debt levels are low??? Where the fu$k is he getting his information??? Total US household debt soars to record above $13 trillion Tae Kim | @firstadopter Published 2:53 PM ET Tue, 13 Feb 2018Updated 3:43 PM ET Tue, 13 Feb 2018CNBC.com Total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York's Center for Microeconomic Data. The report said it was fifth consecutive year of annual household debt growth with increases in the mortgage, student, auto and credit card categories.