even going back to 1999 i've never seen so many 5-10 fold parabolic moves in some of the biggest co's in the world.No different than the reversal of the crash to lows in 2008 i expect to see some vicious moves down when this tops
A guy I know decided to short YUM because statistically-technically, it should drop. I told him it's probably not a good idea because YUM has good fundamentals. For many days now, YUM is refusing to drop. Furthermore, it moved to new highs, right along with SPY. That guy I know is hurtin'. Poor guy ...
There are stocks up thousands of percent while the average stock is up a few hundred percent over the last 10-12 months. Check out those 3, each of them are up over a 1000%, and there are more than just those three. TEN PIR Lazy boy
Parabolic? Go research stocks from the tech bubble like BVSN to get a clear understanding of the term.
My biggest stockholding has gone up 200% but I am waiting for it to hit 600% so I can retire. DOW 20K here we come baby yeah!
I asked because these are not the biggest companies in the world at that time. There are at most 10000 companies in the US, so 1000s up 500% is an overstatement. Don't refute that lots of stocks are up, just as you can point to any bull market. The parabolic part doesn't seem to be here yet except for say AAPL. I define parabolic to be FXI in 07/08, or GC (Gold) in 1980.