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One thing that I've kept an eye on are the secondary markets. Those usually are a good "tell" in so far as what the headline indicies will do. Russell led this move higher from the election lows (like a bat out of hell in November). It's been stalled out and waiting to roll over for at least...

Futures options would definitely be a big plus.

Which government agency did you retire from?

I don't think it bottoms out (in a more significant sense) until around the end of March. Russell led it on the way up and will lead it on the way down.

A drop in the bucket compared to what it did post-election.

Try to remember what it all felt like in February 2016. In hindsight, Feb 2016 was Oct 1998.

Ahhh yeah, sure thing. You on the sauce right about now?

Here are a couple of similar rallies and their percentage gains (rounded off percentages): Aug-1982 thru Aug-1987 (60 months). Rally percentage: +231.00% Mar-1994 thru Mar-2000 (72 months). Rally percentage: +256.00% Mar-2009 thru Mar-2017 (96 months). Rally percentage: +260.00%

It simply doesn't surprise me.

He should be on everyone's ignore list. A complete shillbot posting fake news all day every day.

Heck, the last guy was teetering on treason for eight years running...

Here4Money is just Ricter in drag.

You were a little early in October, but hey it is much higher now...The bottom of these markets leaves a more distinguished footprint (besides there are so many rallies when the VIX gets up around 20) that you have a fighting chance on one of the many bounces...Tops are another ballgame...

It looks a lot like January 25-30. Market tested 2299.50. The travel ban came out over that weekend, market sold off hard on Monday, found support around 2262-63 and started the move up thru 2300.00. It wouldn't surprise me if it takes out that Mar 1st bar and then finds support at 2362-63

If the guy hadn't been such a smug asshat to begin the thread, I doubt that anyone would care. But just look at his first two replies "No top here" and then the "prognostication" with the 2397 close, 2405 high, etc, etc...Now, we can all read between the lines and none of those posts were...

A guy in another thread called it a "caretaker" market (great term).

Take your own advice. Your breathless retorts prove what an unhinged loon you are.

Exactly right. It's the "crowding out" of hot money chasing an asset class that, at least in recent years, never goes down. As someone mentioned a few weeks back, the "overbelief" phase is in full gear in equities and we can see everything else languishing. Crude flat, grains flat (but...

No, you simply have a remarkably verbose manner of telling people that "hey I was kinda wrong, but whatever, I rolled out my puts to xxyyzz...and you guys who told me I'm wrong are nuts". I'm going to call you Handle, Jr.

I won't answer for him, but I will say that in a chopping, rolling correction (which may or may not be the path it takes), you will "bleed out" buying premium. The calls will obviously decay (but oftentimes the puts do as well) - take a gander at SPY from Sept 9 thru mid October (the last...