I agree, personally I was much more concerned about last year's move from late Oct. through the Spring. I guess U.S. stock holders don't deserve to get rewarded for holding companies with balance sheets stronger than ever and double digit earnings growth for like the past 14 quarters. There are more quality companies generating more cash now than there ever have been.
Why do you care about the direction? When the ES cut through 1355 like butta, something should have caught your attention to the possibility of further upside.
The current market does feel similar to late '99: Straight up, but with low VIX, narrow daily bars, and I'm not making dick off the move. Early '00 was much different though- High VIX, wide daily bars, nice big moves in both directions, great trading opportunities... Champagne, blow & sluts for everyone!
Kind of thread which makes me a nervous long. Sounds like we are getting too complacent. But I keep my longs, for now, with open eyes.
Welcome to the markets, tubytrader. The markets are pretty good at misleading as many people as possible. But I guarantee that a pullback will come eventually. Probably when we expect it the least.
but we all are expecting a down day (or a few down days) at this point. it will be nice and healthy. and im looking forward to it so i can buy more.