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Actually, it's more to do with mean reversion. Historically, we do see the market pull back after an extended run. And I don't mean a full-fledged reversal (eg. bear market) but a decent pullback to what's perceived as "fair value", whatever that means. :)

Oh, you thought that was bad shit. Check this out. :sneaky:

As others said, SS is like a Ponzi scheme. Once you give people the option to bail out, the whole system will crumble.

The real scam lies with the medical community. There are way too many third-rated med schools churning out too damn many incapable doctors, who end up getting sued year after year. So that needlessly brings up the medical insurance for everyone. Then there are the Big Pharmas. Do they even need...

Some questions to ponder. What if Bitcoin is hijacked by the rich and powerful like Blackrock and Saylor? Do you have no concern about them dictating the future of Bitcoin and how it should be handled? (I'm sure some don't care one way or the other as long as price keeps goes up.) But don't you...

decrypt.co Bitcoin’s Future Is ‘Bleak’ and Ripe for Regulation, Core Developer Says May 14th, 2024 One of the most prolific contributors to Bitcoin development warns that the leading blockchain network is on a dark path toward global regulation. In a blog post on Saturday, Matt Corallo said...

It's also unfortunate that all three major credit rating agencies are in the US. Otherwise, the US government would have gotten downgraded by now.

Well, they want 24/7 market like Bitcoin. But currently the extended market activities are like "zzzzzzzzzzzzzz". So what would be the point of stretching that out further? But if you make our markets, especially stocks, internationally accessible (currently it's a real pain in the ass from...

But bonds and equities are not supposed to be bed buddies.

I'm a real stubborn SOB, that's for sure. :D Since this was a swing trade, I decided to go with a large stop, which I don't normally do with my daytrades. Anyway, you got me thinking about the "what if": What if I can only go long and cannot trade counter-trends? This would definitely change...

This is what the market seems to be saying in light of this morning's PPI.

The spike down ain't as important as the subsequent rally that made the selloff almost meaningless. In another word, the market is brushing off all bad news.

Oh, c'mon, give the guy a break. Just a few years ago, you too were a fresh green noob. :D

Short again 445.95 SL 447.25

No reaction yet?? This sounds like a real crisis that could result in internal rift. It seems like we're going down the same rabbithole as the Communist International. Anyone old enough to remember the rivalry between Stalin and Trotsky? ;)

Just got booted out at 445.25. But as you might know, my stop almost always aligns with the reversal. So I wouldn't be surprised if they go back down. Ggrrr.

Just curious. Which side of Canada you live in? Isn't it pass your bed time?

I think the dude who wrote this is missing the point. In lieu of earnings and other major news, volume drops significantly for most stocks after the close of the day session. This would not likely to change just because it goes to 24/7 cycle. Instead of just extending the pre-/post-market hours...

Dude, let me answer for the EW guru: It's going up tomorrow. The reason he can't answer is because (1) he already admitted he knows next to nothing about day trading and (2) it's impossible to daytrade with EW and (3) EW is always correct only in a REARVIEW MIRROR, namely, you will hear "see, I...

This is part of TOS, and it showed up even before the migration. Just allow it. It's harmless. Edit: From what I can tell, it appears to be tied to their Education portal, according to a few Reddit posts. So it shouldn't matter if you block it entirely. Also, it's worth knowing that TOS doesn't...