This really is the land of perfect...where everyday is an up day...and everyone is a millionaire. So easy making free money. So easy a caveman can do it.
Free money is non stop. I'm making more in my retirement than working. This is the best markets the world has ever witnessed. This is better than the dot com days. I mean the we should be at dow 100k in 3 to 4 years at the rate we are making gains.
I'm focusing mainly on cannabis stocks for long swings.... but will aggressively trade inverses at 2d highs if the market drops. In other words ride the bubble til it pops
Jamming up all indexes at the close. Historical highs across every index once again. Funny how the fed allows markets to rise to unforseen heights, yet when it's dropping to 4 year lows they have to backstop every negative s$p tick and literally have emergency meetings to handout trillions and trillions of dollars to stop any downfall in the system.
Russel 2000 was up 7.7% last week alone and starts this week with an additional 2.3% gain. Just unbelievable. At this point a 20% drop would still look like the russel 2000 didn't drop an inkling of a percent on a 10 year chart...absolutely insane!!! The Russell 2000 jumped 2.3% to an all-time high, after gaining 7.7% last week for its best weekly performance since June. The small-cap benchmark has surged 15.7% in 2021 as investors flocked to beaten-up value names amid rising hopes for a fast rebound in the economy.
I wonder if at some point he'll realize that the economy is not the stock market. and triple short etfs degrade over time unless you are on the right side of a strong trend. Baby steps I guess, he's not used to positive returns on his investments yet. Next correction he'll be back to chastising the "fools" who didn't see it coming, telling us how well the triple short etfs he bought last June are doing, and his retirement fund balance will be out of sight out of mind. We won't see posts about losing more money in his retirement fund then he can possibly make on a job; he might say something like no "new money" into it. When the correction stops far short of his stated targets, he'll say it's all because of the Fed and repeat his usual refrain that US indexes are overvalued by 90% ( not realizing that market wide P/Es of 3 to 5 are not normal ). The funny part is he carries on with this stuff after being so very wrong for 10 years on everything.
This morning's pull back is about all your going to get folks. Yes its scary buying near all time highs. So wait for a pull back and establish a small position. Daily RSI of all three stock indexes are at 60. Not overbought, so find a spot to get long.