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I can't wait until you become old and useless. I'll be sure to tell the next generation what they should do.

Bear markets have always preceded the recession by 6 months. In the 2000, the market started crumbling in March with the burst of Nasdaq bubble. By September, the economy was in a dire strait. In late 2007, the market showed signs of weakness. By early 2008, the major indices were falling off...

5. Corona virus mutate and evolve, oftentimes the mutations are very different from the earlier forms, making it harder to detect over time.

We're already seeing big hikes in prices all over the board, thanks to Corona outbreak. If the Fed floods the market with free money, we will see a massive inflation. Couple that with the oncoming recession (it's hard not to envisage one with all the shutdown everywhere in the world) and you...

Obviously, you have your mind made up already about the market and how it "should" behave going forward--like everyone else. Well, I don't dispute the fact this market is hysterical. In fact, it has always been hysterical, even in good times. However, this market was long overdue for a...

Before all things Corona, so many people were so adamant that the market would never stop going higher. You know, that mantra, sell your mortgage and buy all the QQQ you can afford to grab? Sadly, even to this day, they believe we will reverse and go right back up to the ATH. Trump declared...

If we don't recover by end of May, it will no longer be about Corona. By then, we will be in a full-fledged recession. BTW you forgot #7. 7- Stock markets look forward. Hence why traders suffer from incurable amnesia and why the market repeats the same error over and over and over.

But, wait, isn't Powell a weak puppet anyway?

EVERYONE NOW THINKS THEY'RE ENTITLED TO GOVERNMENT BAILOUT. Go figure. :rolleyes:

Short 2610

He and his buddies on Wall Street...THEY HAVE A PLAN

Tricky place, indeed. Long? Short? Hmm.

Not really, it went up by only 1.3% from where I called the top, which is negligible to the 28% drop we're now seeing from the ATH. Either way, I doubt we will go anywhere near the ATH.

Well, it's very unusual for a technical trader to consult a quarterly chart. If you use the quarterly as your guide, by definition, you're an investor, not a trader. If that's the case, it's even stranger for an investor to base his decision on technicals rather than on fundamentals (eg. P/E...

Before that ever happens, I'm afraid we will see massive recession and, equally, massive unemployment. BTW, as I've stated elsewhere, I don't think we will see the ATH again in our lifetime.

When the market is about to drop, it will take any excuse.

No people are not morons, just cautiously pessimistic. Nevertheless, this is the same crappy analogy you gave when we were trading at the top of the market. You stated everything was all rosy, nothing to worry, just sell your mortgage and buy as much QQQ and, before you know it, you will be...

Yeah, you heed your own word and buy to the hilt. I'll follow up next quarter about your progress. For the record, SPX closed at 2480.64 today.

LOL Yeah, and your sage advice about taking out the mortgage to buy at the ATH was absolutely brilliant. Guess what? We're ONLY down 28% from the ATH! (and still counting.) Seriously, don't you have anything else to say about your blunder?

Isn't it too late to rationalize? Why don't you just confess that you've messed up and you're sorry for your overoptimistic blunders? :banghead: