LOL. How long have you been around? Save a few bumps along the way the market's pretty much been pumping non-stop since 2009. I don't see what's different or new about this market as we've most certainly seen more epic pumps in the past.
i dont think people here are saying that the AI or chip pump wont end...we are talking about the S&P. Were not even talking about NASDAQ. Interest rates are pretty high. They only direction they can go is Down.
and I think we've all been around long enough to see a pull back (major trend line broken) and close out some positions until the Fed steps in and lets us ride the zero risk again.
The current pump easily rivals 2020 and may have exceeded it, thereby making it the most epic ever. All the more impressive since back then CBs were flooding the world with cash, now rates are the highest in decades with inflation possibly making a comeback.
That’s universal consensus but there are increasingly strong reasons to be skeptical. The market has shrugged it all off, though.
Yes. Throughout 2009 there have been volatile times and some incredible drops along the way. The Q's have risen $100 in 4 months without a pullback. 1 off red day a few times and then instant V. You can go back to any bullish year since 2009, but there were always some downtimes and sharp pullbacks along the way. There has never been a time like this where the market actually can't go down no matter how overbought it is. Nothing is really comparable. There have been big rallies in past years, but normally at some point there would be retracement/ gap fills. If the market left a lot of gaps, they would normally get filled within 2-3i months. Last election the market went on a huge rip after, but also had some violent pullbacks along the way. In September of 2020 we saw one of the largest 3 day drops. My point is those shakeouts and pullbacks don't happen. It's all up with some consolidation, maybe 1 odd red day and then V. When QQQ hits 450s next week to just get where it was prior to the NVDA pump (422) will be impossible to achieve.
In 2020 bottomed out at SPX 2191,86 and continued to rally for 2626,76 points over the course of 652 days for a gain of 119.84 % bottom to top. This is using a 11 % filter for corrections (there was a 10.55 % correction in September 2020). Currently, SPX bottomed out the 14th of October 2022 after a weak bear market and have rallied for 1619,48 points over the course of 498 days for a gain of 46.38 % bottom to top. There was a 10.92 % correction though August - October in 2023 before this latest rally with plenty of down days where long only traders would be crushed. I fail to see how this current rally is the most epic ever, but maybe you guys measure it in a different way.
There was a 12 % correction on NQ/QQQ from June to October last year, so stop making things up. Prior to that starting at the prior top in 2021 there were multiple pullbacks and retracements way larger than 10 %. The market will correct again at some future point. To be clear, I'm feeling pretty bullish on the stock indices myself, but let's not get delusional either and make up stuff that's not correct.
These markets are trading in a euphoric state at the moment. ... How much higher they go and for how long is anyone's guess but we all know we have seen these types of markets before! I know of a few people who never traded much making money hand over fist and now thinking this the norm.... One of my friends took their trading account from 12k to just over 40k in 2 weeks with options. I saw the proof myself....they had jumped into the market around 2020 2021 but then backed off until late 2023 and early 2024. So this market is now starting to catch the newbies as if it's only going to keep going up and anything and everything they buy is going to continue into that upward path trajectory. By the way that is a very artistic and interesting perspective piece of art work!!
Every single day my retirement portfolio is printing free money One new fund I added January 1st is already UP17% ytd...yes 17%...not even the end of the 1st quarter and this fund is already returning almost 3x what the average market does in 3 years!!! Let that sink in!! At the Rate this fund is moving it should easily do 100% .....incredible right!!!!! No down days just up up up. On top of that cryptocurrencies are printing free money too , nfts should be back soon. Everything is just one big fu*king asset bubble so keep getting those gains. Be as piggish as you can be....