Its a very cynical cover -- a Bull being levitated by party balloons. I had friends ask me if it's too late to get in. That is not FOMO, that is still fear. When people want to mortgage their house and go all in on NVDA AMD AVGO SMCI then you know its close to the top. That is literally what people were doing in the summer of 1929, 3 months before the crash. Sell everything to buy the NVDA of its time -- RCA. I think RCA dropped like 99% in the crash and never did recover. It was bought by General Electric.
Except there can't actually be a top if stuff like the QQQ and NVDA will never go down. This isn't comparable. I still fail to see how it ever ends. I've been reading BS for months about exit liquidity, doom and gloom. This time is so different. We've never had a market that actually isn't capable of dropping before.
yea...I dont see it stopping anytime soon. There are no real hindrances. If you study inflation..its the last great equalizer. No one wants to hold dollars or savings ect.. every penny is converted into either real estate or stocks. And very robust real estate values are allowing people to buy even more stocks
its good to see this thread going. This thread is the cornerstone of ET. Since its inception Weve learned that the Fed will stop at nothing to keep the S&P at zero risk.
ET atmosphere changes rapidly. I've been here since around the beginning of the GFC and the funniest time was after the market bottomed around March 2009 (aka the Hayes bottom). We would get weekly "The Market is going to crash" threads and the funniest were the threads about how the market would have kept going down if not for the PPT (aka Plunge Protection Team) keeping it rigged for the oligarchs. I still remember a thread where someone said "down 10 handles is the new bear market." Also a thread calling TARP the GTFO fund.
it probably will tbh I'm just saying it's certainly risk free money for at least another 1000 ES points or whatever, so just enjoy it. At some point it'll take a nasty turn down but i'll probably be much higher than and further away than people think so yeah, just enjoy the free money until 6000-7000 es or so. Then wait for a pullback back to 5000 ES and get long for the ride to 10K ES.