If will become harder and harder to short knowing that Trump can drop a positive bomb at any second (regardless whether its real news or fake news).
This has to be one of the greatest pumps in the history of the market. The QQQ up $40 since Monday. They had everyone fooled thinking this was cratering and testing the lows just to rip a massive f'n V right in everyone's face.
Its not at new highs no, but the last few days it's been up substantially since I have been buying a tech fund that pretty much follows the nasdaq, tonight it should be up another 2%, at the rate it's moving it should be at new highs by end of May.
Up 3% tonight on that 1 tech fund. Tomorrow more free money Should be up another 2 to 3% I have been plowing money into it as it's been dropping since its my long term hold.
Agree however the opposite can hold true just as well.....have to also consider most companies are going to bring down numbers ..s&p pe is still to high. 250 in earnings would put a target on s&p at around 4500
Some guy on fast money tonight said he sees spx 6000 in about 4 to 6 months With unemployment rising, inflation and slower consumer spending leading to a drop in gdp and earnings on the s&p i just can't see 6000 again. Earnings are going to be dropping to 240 to 250 which would put the spy under 5000! These rallies we are seeing are just people chasing stocks again. ..
so the sp will never see 6000? interesting opinion - are you trying to manipulate the market each and every day with your post in wall street news? see how many post you have made? 26,189 post and 3,236 likes. I have more likes than you do with one fifth of the post - you need to get those numbers up.
This is the bs you've posted in the past. If markets go up you talk about your retirement fund and if they go down you talk about your short trades. You can't have it both ways. If you are weighted long in US IT you are having a really bad year it was the worst place to be in the markets almost globally. And if you truly believe all the crash shit you post here you should have had your retirement fund entirely in money market funds this entire year.