What I am saying is that as far as I am concerned it's still more prudent to buy dips, rather than position for a bear market by selling your stock portfolio. The Street hires economists to feed public (schmucks to them) with useless drivel about end of the world.
UWM UP 14 days in a row!!!!!!! As soon as it opened down it reversed straight upwards....semis opened down as well and turned up immediately.
Oh and just yesterday I had a friend of mine who doesn't know anything about stocks...knows nothing about wallstreet never invested a dime in the stock market in his entire life came to me and said I saw the Dow at 19000 and I want to put $5000 into stocks....said he wanted me to recommend a broker.... Hahahaha
And? There has been someone screaming that since 2009. Someone on this site actually. You can argue the economic virtues (or lack of) all you like, but a rally is a rally. For people that actually trade. That rally may change today, tomorrow or next week or never. But to cry for a top in the midst of a rally is questionable at best. To point to a market run and argue weather it should have happened is worse.
Yes mister, 14 days up. I think this is a record, I remembered in August '11, some indexes were down 14 days in a row, before a big rebound, but 14 days up? Does someone can tell if an index was up more than 14 days? Maybe the Nasdaq ? I am curious. CM