Nope. We might get a little, insignificant blip down at some point, but all in all 2013 is the new 1996. Couldn't even get a selloff in MAY, so imagine what they'll do in bullish seasons like autumn and Christmas/New Years. Expect spooz to find themselves well above 2000 before the decade is through.
the difference between 96 and now is there are trillions of QE driving this market. Do you this disagree? did central banks around the world pump this much QE in 96? And what will happen if it stops?
You have a point, it's not identical to 1996... but IMO we really are in a roughly similar point in the economic cycle. Interest rates about to rise along with stocks. And what will happen if it stops? --->Bernanke isn't the complete idiot he's sometimes made out to be. There are ways of removing liquidity without causing a shock. I think the economy will be all right for a few years- at least compared to what we just went through. Soon we won't need to be on 'life support' anymore (QE's), and after that we'll get actual rate hikes.
When it hit 1642, I sold some Deep In the Money (DIM) puts. Just bot them in for a $16 handle profit. Probably will expire worthless (should have stayed short em)...
Yup, going out worthless.... The rally continues.... $1710 should be hit in a short term capitulation buy... retrace then to 1680, then ramp to 1755-1760... Next 3 weeks action...
Nitro works 26 hours a day to support his trading hobby. If we get a correction, he can cut it back down to 19 hours a day.
Stock index futures headed another 20% higher and OIL to be cut in half due to increased electric/hybrid vehicle deployment & efficiency.
Tell us about the indicators you were publishing in fall 2011 that suggested the SPX was worth under 900. Of course, that would mean the P/E of the market would be single digits, but hell, why use NORMAL measures of valuation when you can create a mysterious model that's wrong all the time ?