Covid was a market crash. First down. Then up. Not a relevant comparison. We’ve had lower volatility at lower prices for longer in the past for sure. Around 2012 or so was really, really quiet.
I posted that back on May 16th. So far the RickshawMan Inverse Indicator™ is working perfectly If you had taken profits in the SP500 back on May 17th when the RickshawMan Inverse Indicator™ was flashing its first sell signal, you would have done well
Optimism makes sense in the stock market since they rise a majority of the time, however if you were around post Bear Stearns collapse the optimism would have bankrupted you since the markets kept going lower & lower. That was a time to exit into T-bills until the selling was over which was about Q2 2009. I think markets will go higher because the governments have debased their currencies by issuing infinite debts and a sovereign debt crisis is on the horizon just like the in the 1930s. This is age of the everything bubble.
SPY still above 10m SMA, the weakness is just noise. It looks like some people don't understand how alcohol plays a cover in certain deaths, but they don't need to know what's going on. When Buffet talks about AI, I wonder if had seen the movie Colossus: The Forbin Project. The scary part of AI is what it discovers that's beyond human comprehension. If you have access to future info, that's a good bargaining chip. You'll understand this in due time. I don't know which is worse, Twitter or Youtube. The crazies are on Twitter typing god knows what whereas on Youtube there's a hollow moon, shadow people, pyramids hidden in mountains and alien bases in Antarctica. If you're seeing Trump talk about the kung fu secret service agent, he obviously has never met the individual who walks with an entity. I thought I'd make Friday a little interesting. Maybe next week I'll post something about time travel.
The Russell is at December levels, the Dow around Jan/Feb levels, the S&P and Nasdaq are at levels seen in early March. Even if the SP and NDX eek out new all time highs in June and July, I expect another sell off before the election, where we go down to test the April lows, probably take out those lows but then blast off back to new all time highs after the election.
Again the V is just too damn powerful. Until the V shape recovery machine is defeated nothing much matters. Look at the massive V again today. Just impossible to keep this thing down.
You're a dumbfuck and don't understand maths. The SP has to move more than 7% in a trading session to cause a market-wide-breaker to activate. People who trade real money understand this fact. People like you, who trade fake money, do not.
Biden is "just barely slimming out a Bull Market Façade" for his re-election year. I see no real conviction at all besides an election year prop. It wont go up much more from here. And S&P wont allow much fall either from here...very quite summer...Then, in fall season, Some last months attempt at slightly higher highs... This was all done with Biden Chip grants and stimulus ..feeding AI bubble. Even the AI bubble has pretty much run its course. And I don't really see much of any real positive markets after the election. High interest rates, strong inflation, poor earnings from majors. Prolly gold will out perform the S&P after the election...for a long period. Right now its just dip buying back to the prior high...with no real serious dip either. Its just a Prop for Biden election. Its a "bull market façade" hype. Gold is actually doing better than most. NVDA is over valued by 3 times. The real chip earnings are in Taiwan and S Korea, not in USA. And the really weird part is that, with all this military war spending...I don't see any financial results...stock results...I think the military spending stimulus is directly offset by printing inflation that is its source. Again...this is more positive for gold than anything else. Rickshaw man trades the /es and mostly overnight...this ES trade has been one of the only real bull trades over the longer term. He does very well on this trade. V-Shape odte is like background noise. I just tune it out. Even my dog knows to buy dips in bubbles.
No offense, but that is one of the most idiotic takes ever. Sorry your politics are getting in the way of making money.