You seem to be delusional; there is no point to this kind of thinking. There is plenty of value in markets if you look. Nobody can make you do the work. What you said in September 2022 was comical : That was at the market bottom. Technicals at the time suggested a double/triple bottom om the SPX and fundamentals said many quality US companies ( eg JPM ) were oversold. I posted about such things second half 2022 while the usual crew was spouting ridiculous crash theories based on nothing but their emotions and greed. Ken Calhoun for example was particularly clueless but like a cult plenty bought into this kind of thinking.
I just love this thread. Same arguing. Yes this market is rigged to never go down. Why would it ever go down? There is a free money glitch. I don't care if you think I'm an idiot. This market has proven for 5 straight months that it's never going down for more than a day or so and will immediately eaten up.
I don't know, @schizo, in this market everything seems to be an excuse/rationale/voodoo for the market to keep going higher. Good news? This is bullish, of course. Bad news? Oh, this will force the Fed to lower rates, so bullish as well. War in the Middle East and oil approaching 100? Look at all the profits the oil companies are going to make! Etc. Of course, like with cocoa, at some point it will have to end (many people here seem to forget that as recently as ***2022*** the Nasdaq went down 33%), but is it going to be just now, this week because of a too hot or too cold report? I doubt it. My view is that we keep chugging along higher until they start cutting rates in the third (fourth?) quarter. Of course, you could be right and we already saw the high for the year.
A topic recently that got a lot of activity was I think, Why is the obvious not obvious. Well what is obvious is all the talk why the markets "should" go down but aren't. Or it will go down soon because of X, Y, Z. But then a funny thing happens ... it still doesn't. And the more it doesn't the more folks believe it will. Shades of (insanity) doing the same thing over and over, but expecting different results. Trade what is in front of you not what you think should be, or soon might/should be in front of you. You can't trade tomorrows price till it gets here.
%% LOL typical bull market/uptrending bull market. Average life=4 years more or less. Like the song says \ whole town said\ that he should used red\ but it looked to good to Charlene / John Deer Green/ JD Green Song /Assistant PROducer ;Cathy Moore. NOT a predction/not bank insured .
Here comes the dump... I am just looking at it from higher timeframe perspective and think what the situation will be like a year or two from now. Will these days be seen as the early innings of the bull market, or will it be towards the end of it and on the brink of a BIG correction? In my mind we are VERY LATE into the bull-run and there will be a SIGNIFICANT rug pull. The world has never been crazier than it is now. A reset is needed more than ever. It usually goes from ONE extreme into ANOTHER, so looking at the charts it seems like we could dump all the way to $1500 SPX500. I obviously can't see into the future and may as well be wrong. You are free to post your own predictions and we can look at it and review years from now.
Same old story. Back up we go. Not a single red print today. Same pattern continues. There's never any follow throw to any of the red days. I'll give you yesterday, but today was way more important. It needed badly to be red today and of course it couldn't. Yesterday about to be erased like always.