I can't take this, every asset class is priced to perfection. I see nothing worth buy right now. The big drop overnight Wednesday was to shake out the overnight buyers who have been buying the cash close and selling the cash open. That is a strategy that works. Just make sure and use stops.
I...
Same thing over and over. One big down day, then back to new all time highs. If you want on the train, these little one day drops are about all your going to get. All equity markets are overbought. The FOMC with its magic money machine is pushing everything not nailed down to the moon...
Watch the close, if we end way off the lows, then IMO everything is still intact. We have seen this over and over.
Even if we get a 10-20% selloff, its nothing. Look at a monthly chart. A 20% drop is nothing. Unless your just now buying.
I seem to remember Maria Barairamo saying something like the Dow has been going sideways for years while the Nasdaq is setting all-time highs. My charts don't go back that far or I would look for myself. I'm sure some folks on here can remember back in the late 90s..97,98,99.
Yes I agree, we are in an inflationary cycle. I can see gasoline hitting $4.00 buy August, current national average $3.12. This is the everything bubble, Powell can sure blow.
Can you name one thing that has fallen in price?
Some folks on ET are here to create strife and division. They prod you to engage you, it helps the site owners, buy keeping you engaged. I love the ignore feature.