Let's be real here....if this market were trading the opposite of what it's doing now, meaning stocks persistently down day after day with very little upside, nvda the leader dropping 3 to 4% a week, spy selling off on a month to month basis, all tech stocks just being smashed around , transports, industrials, biot tech , every thing and everything catching zero buying interest....semis making multiple yearly lows and the spy down 15%-20% year to date, you damn well know the fed by now would have intervened and saved the markets, they would have had rates down below 4% or so and getting ready to implement some kind of money printing to help prop markets up.... How come equities can fall 4% in 1 single week and be considered oversold, but trade up for months and years at a time without ever being overbought? Listen to the pundits on the radio and read the articles the next time markets fall 3.or 4%, they literally will rush out and scream markets are due for a bounce and ready to run higher based off oversold conditions. But you will never hear any of them say markets are overbought and profit taking is imminent......this market only knows one way, UP...the other way down and the fed will intervene immediately.... I will say there is absolutely no such thing as FREE MARKETS!!!
This isn’t 1950. There’s no such thing as “profit taking” causing a lengthy bear market when every single month, tens of billions of dollars of passive money are sprayed into the market via stock buybacks and automatic retirement plan contributions. No Fed intervention required, though it’s definitely there if need be. Just accept all this and your life will get far less stressful.
OP, which I can't see by my choice, makes me wonder if he did the opposite - stopped bitching. Right, hell would freeze over, lol.
Stock buy backs once illegal now are the bellwether of creating fake and inflated earnings reports. .... As for the pensions..yes billions are poured in week after week after week. And now with pensions disappearing the main component of retirement wealth is 401ks and 403b and so forth.... I mean with the markets going the way they are going there could be a massive amount of people retiring early. Think about it. If you can put enough money into a retirement account, a million dollars say by 50 you can literally live off the gains. I know some people live beyond their means but those who don't and have a portfolio worth 700k to a million could easily retire making a cool 100k a year on market gains plus social security. Why work when your portfolio can work for you.
You must be losing $$$$. The market is innocent. It goes where it wants to go. It can go just a little or a huge amount. I will say if you look for problems, you will get problems. And if you look for opportunities, you will get opportunities.
Hello S2007S, Long and Strong the Vanguard SP 500 Index for the REST of my LIFE. NO STOP LOSS everrrrrrrrrrrrrrrrrrrr. $2000 invested in SP 500 Index a month FOR LIFE. Easiest money I ever made in my life. I gamble in the ES futures market to get rich, Quickly every day.
Because markets are up 70-75% of the time. The psychology of buying is different the psychology of selling. Even Chanos threw in the towel on his short selling fund. He knows its a waste of time shorting against a wall of money pouring in. The only guy left who seems to still be good at short selling is Carson Black from Muddy Waters especially his "gangsters using Square to send money" shade on SQ stock. I think right after it came I bought puts on it and the stock went down like another 30%. His call on the scammer from India Adnani was a great call too. I think the Adnani group of stocks crashed hard after his call. He reminds me of Chanos during the Enron/Worldcom/Tyco days. I have been short TGT since its last report and it finally went back down but it was only because of the bad economic data in the last few days. Its tough out there for shorts.
Just stop shorting NVDA and the SPX (what you call 'market') - and everything will be good.... Learn from your mistakes