It's all Nvidea's fault, dammit!

These media pundits and their never-ending bullsheeat. They never get tired of coming up with these garden variety excuses. Why can't you circus clowns just write "S&P 500 sold off because no sane idiot would buy it at those insane levels"??

 

They have to pretend to know the reason for every market move.

 

%%
LOL;
maybe an idiot would not buy SPY/but some short term trader may for profit LOL
SPYG may do OK good thing I did not add to a small start position;
may know something by FRI close\
SPYG has more NVDA in top 10% than qqq or SPY;
+ SPYG better Ytd than qqq...................

 

Headlines from financial journalists is a joke and must be the easiest job in the world. They'd literally find anything that sticks and makes it fit.

"Stocks rally in anticipation of FOMC."

"Stocks decline in anticipation of FOMC".

Best pay zero attention to it.

 

Why was current levels today (or last few) ... insane?

 

Didn’t you take on long positions today? (ES journal)

 

Im surprised, they don't use the old stocks sold off due to 'profit taking' line, not heard that in a while, but havent listened to closing bell on CNBC for years.

 

Day trading don't count.

 

Don't read the news written by the professional writers.

 

Little by little they are learning...Dell, Marvel, CRM, Tesla (supposed AI company), BigBear, Cognizant, PANW, Snowflake all massively hyped and hallow in the middle...just a very few solid. Its starting to look more like a Bull Trap than a Bubble. It wont be too much longer till the market becomes more Logical. Arm, meta, Planatir..i would not follow a bubble based on these companies