What the hell is causing this extreme constant bullish move in the Dow??!

Says the guy whose $100 FX journal blew up in his face?

 

Not according to any trend following "logic" I'm aware of.

 

Can't fight the POMO.

 

Sure it is. "The trend is your friend!" "Don't fight the trend!"

SPY is in an uptrend, right?

Therefore it is more likely to keep going up than to go down. So go long!

 

You seem to me to be just rationalizing your hate of trend following now.

 

What about what I said do you disagree with?

 

Not related to the thread's topic but I believe AMZN will go to $2000 per share if they announce bankrupcy

 

LOL, yeah that's pretty hilarious. Horrible results, stock soars.

Efficient market, my ass!

 

I was looking at it a few minutes ago:

AMZN market cap : 115Bn (prior to tonight)
AMZN Free Cash Flow : 3Bn

WMT market cap : 250Bn
WMT Free Cash Flow: 15Bn

 

Do you believe the market is 50:50 at any given time?