I don't know, it doesn't feel right. Naz is doing what it's meant to, it has to get to year 2000 levels, but S&P isn't behaving like it wants to get higher.
it has to get to year 2000 levels? It has to? who says? the only reason why the nasdaq is up back over 5000 is because of QE, again about 99% of people will disagree but if QE never existed the nasdaq would still be sitting pretty under 2000
BRIGHT GREEN ONCE AGAIN DOW is back in the game this morning, now by mid afternoon the surge should take place, dow should do one of its 100+ point gains and the nasdaq will add another 20-30 points on top of its gains, remember keep buying at the highs, its guaranteed profits.
One more thing, with computer traders, nothing can't be done and no intervention from humans is needed in the bull market.
yes indeed in up markets and bull markets and markets that only go up human intervention is never needed, its actually forgotten about, you can have all the up days in a row you want and the biggest yearly returns year over year over year, were up 200% in 6 years...everyone sits back comfortably in bull markets that don't go down, but in a declining market and bear markets, hahah human intervention is needed on a daily basis, every second they are needed to keep things propped up, if there was a 4% drop happening right this second yellen would be on cnbc saying we are ready at all costs to supply the markets with QE if needed, by the time markets are off 8% yellen would push QE 4 right through, no questions asked.....if that didn't work and we were going into a full blown 10% correction she would up the QE by tens of billions a month, if that didn't work and the markets fell by 20%+ she would do a $3 TRILLION dollar QE package and announce no rate hikes until the markets found a footing to stand on, she would then take rates that are already at 0% to negative.....who knows what the fed would do since they don't have a clue what they are doing now, once the next collapse comes they will be running in circles to find a way to keep it together...Im telling you that day is going to come because it always does, its going to be the best moment in market history to see the fed trying to quickly fix the next crisis, Im sure we will see yellen on cnbc every day for weeks and months trying to smooth the crisis out but she won't be able to....
S2007S, one question, I do share your bearishness, but why not wait for price to confirm your analysis? Think about the logic here, since you don't need to scale into a massive short position like some funds do, once the market tops it will show us that it has topped by price confirmation on weekly and/or monthly basis whatever your preference is. It's nice to be right to call a top or a bottom, but surely that is more of a hobby, rather than putting real money on the line against the herd.