I won't comment on specific members, but there's been plenty others who said similar things. I'll personally admit that I did not see this happening myself in March, but a few months back it started to seem quite likely from a technical perspective. It seems like many posters more easily bets on the markets and civilization to break down and stop working instead of believing that problems will be dealt with and handled. Of course - there's plenty of reasons the markets should not be at these levels though. Yet, they are. Pre-market as of this posting, the high is 3379. That's 14,25 points from the all time high at 3393,75. From yesterday's Closing price - the ATH is 'only' a 1,15 % daily change. Looks like it's happening today.
Dow futures up up up S$p about 25 points off its historical highs as of this morning. S$p Up 7 days in a row. Longest winning streak since april.2019!!!
S2007S, I been telling you since February 2020, what my grandfather told me always "Son, you will never ever beat them, you better join them". It is the best advice I ever heard and it has helped me. Long and Strong S&P 500 index forever. Keep buying and never sell.
Incredible run once again. More disconnect from tech stocks this morning and pretty much the last 3 trading sessions. Too much of a good and im thinking this is about to start going down down down but the fed will be there to save the markets again. My retirement account knows only one way up. Adding shorts and will play the drop that I feel is coming. S$p going for 8 straight days of gains.
If the nasdaq doesn't get its act together I don't think the s$p dow or Russell are going to do it alone. Not possible. Get ready for a substantial move soon.
Admitting your wrong is important lesson, I called the S&P completely wrong this time, cashed out long position at 3150 and shorted the next day. The market will tank, that I am 100% certain.Many people look at the index only and not concerned with the company valuations which are way way off historical valuations methods The timing is the all important question of course. Also its the big boys like amazon that are keeping it up . Corporate layoffs are happening everywhere, even if you get earrings back to pre virus levels, its going to take a heck of a while which means the market has to stay over valued for a long time to come (possible perhaps). Generally speaking When you talk to people it's mainly younger folk that are very bullish, but older folks are of the opposite view. I guess its because we were in a similar position at one stage with Bitcoin euphoria and the housing bubble in 2000's. No one saw that but was obvious as heck after it happened (it always is though**) I made the mistake twice before not acting on a crash, 3rd time lucky maybe Cost me around 80,000 USD 2008 ** And all the experts in CNN were rolled out to tell us why were so blind