So.............a ten percent move in 2 months isnt excessive? So we should expect the market to go up 60% a year forever...... Cool
DJ can hit 24,000 in 18 months. but, I am not making the prediction. The future is very difficult to predict.
Nope. Haven't seen it before. Very rare for a market to rally this long with low VIX and no pullbacks on the daily charts. I haven't had a trading signal in three weeks. And only oils the week prior to that. So, I have to say that this IS unusual. And a great patience exercise for anyone who trades on weakness!
A little while back I was predicting a correction too, but that window has come and gone. You should just check historical charts. Notice what NOV is usually like, even during bear markets. The phrase 'thanksgiving rally" isn't a new concept. I would'nt be surprised if we saw another +6-8% by december. Yes a drop is innevitable, but predicting one in NOV/DEC is a losing proposition most of the time.
there's 2 interpretations rallying through aug-oct means it's a very strong year or it's a 'rules thrown out' year i honestly dont know which
The market has served traders at the expense of investors the last 10 years, maybe the market has too many traders and too few investors these days?
I don't think we've seen excess yet. Valuations have been going down for 5 straight years. Only now do we see an uptick. Excess is PEs above 20 (in 2000 it went to 40), we're at 15-16 now.