That makes no sense at all. Like actually insane theory. Why would it go down. Biden has been Potus for the greatest market rally ever, even though it doesn't matter much who's Potus when it comes to the market.
The no downside is known as the election year phenomenon. btw moving averages are complete retail fodder.
It makes total sense. It doesn't matter who is Potus, but it does matter when is Potus. You are hoodwinked every election season by getting sunshine blown up your butts. I know as a Canadian, every election cycle our main index MSI (maple syrup index) which contains the top 50 maple syrup producing companies goes ballistic.
get long and make some money! I'm taking a long here on the ES at 5325 looking for it to breakout to the upside as it's taking out prior highs here, and will take profit at 5400 area. And NQ Long here at 18580
Ridiculous. The market is just a bunch of people and people are wrong all the time. Remember where wirecard had a billion dollars in assets vaporize off their balance sheet? 2008? Dot com boom? Enron? Mci? Mf global? Crazy Eddy?
All of them. (stocks, crypto, ...) Great risks and uncertainty lies ahead, that the market has not taken yet into account. And when it does, there will be "re-pricing", so to speak. To me this looks akin to a slaughterfest. You are getting fed and then you get slaughtered. The up-only mode managed to convince everyone there is not going to be any downside, lol Some top signals are starting to pop-up, but the matter of the fact is charts are still grinding & going up only so can't say anything as to when it ends. The situation is absolutely absurd at the moment, so i wonder how much crazier can things actually get. I think it's possible that 2024 makes 2020 look insignificant. It could also take much longer to play out, so who knows.
Are we talking wrong or irrational? Yes the market is made up of a bunch of people but the price got inflated because people who thought they were acting rationally kept buying into the hype, otherwise they would not be buying. Therefore the market is always rational since it can only reflect itself.
One thing I do miss about this site when it comes to economics. Piezoe, you are an enigma, to keep saying over and over again that the USA has no debt. Meanwhile, for decades, we have a U.S. debt clock. WTF? Why don't you get on the Administrations's economic advisory panel? The bar for entry can't be any higher than the shit you go on about in every thread about government debt. The problem you don't recall is that the US Treasury oversees the Federal Reserve, and the Federal Reserve is a private bank, which loans money to the US Treasury at interest. Ergo, the US government, through itself and it's citizens, are paying interest on the money the USG borrows from the Federal Reserve. That interest has to be paid somehow. Where does that interest money come from? From more borrowing from the Federal Reserve!