its YOU'RE... at least know the difference between your and you're before calling someone else idiotic. unbelievable.
Oh, that market's gonna make some adjustments anyway. So I am even a little amused when traders start to feel like gods and create some multi-level forecasts, especially in the period when you should not touch the market at all and the best solution is to observe or contribute to your development as a trader. I would like people to look at the market objectively to understand its regularities and to pay attention to the achievable indicators in the first place. Yes, a long-term strong deal or a detailed forecast is certainly good, but it's just one deal. You need to constantly find opportunities and make multi-step plans, only in this case the optimal result and, of course, profit will be achieved.
The bubble is coming. But the bubble could be dangerous. Why is the bubble dangerous & unpleasant? It is not because traders will be losing tons of money. It is because traders will find it very hard to earn tons of money. When the bubble burst, there will be huge traffic / volume. Charting software and trading platform will freeze. The market movement will be very chaotic, messy, erratic, irrational, spiky .... hence making trading very difficult. Swing traders might do better than day traders. But then their STOPs have to be wide. But if the day traders manage to trade those not so chaotic products, then they are in luck. Long term investors might be weeping and gnashing their teeth in despair.
Actually it's "It's you're idiotic" with a capital i. Same but with a u applies to "Unbelievable" as it's after a full stop. Though the phrase "you are a pedantic twat" needs no explanation.
Thanks , I might also point out that my earlier comments regarding the reason for said drop in stock market seem largely vindicated , though of course at some time there will be further crashes , and the reasons subjective , common sense would suggest coronavirus had a lot to do with this one , and over valuation not so much, as the world slowly got to grips with corona the stock market responded in kind. Check out a chart of s&p at this time.
I would say you were right on the money man to be honest. Everyone freaked out and it tanked...recovered extremely well once we learned more about CV and adjusted to a new lifestyle. I started out on the right side of that trade then stayed short too long due to shut downs and record high unemployment #s...important lessons were learned I promise.
We live and learn , don't get me wrong there does seem to be an awful lot of money , a lot from retail traders, sloshing around the markets right now , like that gamestop fiasco, bitcoin etc So if you'd said your comments about the market being overvalued right now I would have some sympathy , not that I know for sure and don't trade on fundementals.
Im personally still bullish on meme stocks and becoming more bearish on the general market each day. I don't see how what is going on right now can be anything but bad for the market but IDK.