Oh, look another up day in stock indexes. Next year is an election year so expect more of the same.
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Forever Bull Market
- Thread starter v-shape-0DTE
- Start date
The whole Fed thing is a joke, but no such thing as a bubble. Good luck getting this to pullback again. QQQ is almost at ATH like I said. It can't be stopped, it won't be stopped.
Trust me when I say when it feels like nothing can go wrong in markets is when anything and everything can go wrong!!
Trst me when I say law of large numbers can destroy a market!
Oh, look another up day in stock indexes. Next year is an election year so expect more of the same.
At this trajectory the dow will be above 65k by Xmas 2024
You can already see QQQ is making a massive weekly green Candle. This won't even hit below 400 again this week. Could actually take out the 409 ATH, and then we will see if it can get to 420 this month. I just don't see how this can pullback. It can't fall more than $1-2 without the V being there. Like it's completely impossible to imagine this having any type of pullback.
Did you just start trading these markets...you probably don't even know what the dot com bubble looked like or the great financial crisis.
'Magnificent 7' mania is like the dot-com bubble, setting up stocks to slump and recession to strike by summer, veteran wealth advisor says
Theron Mohamed Dec 13, 2023, 9:36 AM EST
https://markets.businessinsider.com...ash-stocks-recession-consumer-economy-2023-12
Theron Mohamed Dec 13, 2023, 9:36 AM EST
https://markets.businessinsider.com...ash-stocks-recession-consumer-economy-2023-12
Again the thing you are missing why this market is truly different than any other market in the past is that this one has absolutely no ability to go down. It can't even breathe or take profit, it's a rocket ship higher. I just don't see how this has any ability to even correct 3-5%.It can't and it won't.'Magnificent 7' mania is like the dot-com bubble, setting up stocks to slump and recession to strike by summer, veteran wealth advisor says
Theron Mohamed Dec 13, 2023, 9:36 AM EST
https://markets.businessinsider.com...ash-stocks-recession-consumer-economy-2023-12
Again the thing you are missing why this market is truly different than any other market in the past is that this one has absolutely no ability to go down. It can't even breathe or take profit, it's a rocket ship higher. I just don't see how this has any ability to even correct 3-5%.It can't and it won't.
You will be quite surprised when the bottom falls out and everyone is selling anything and everything. I have been here long enough to know this time isn't any different than the last, this is not a normal market by any means. Just 6 weeks ago the spy was trading near 4000 with predictions for the 10 yr to keep skyrocketing well beyond 5%, it didn't happened and like magic stocks rallied. Everyone is feeling euphoric and invincible because the last 6 weeks wallstreet has literally printed everyone free money...
Again the thing you are missing why this market is truly different than any other market in the past is that this one has absolutely no ability to go down. It can't even breathe or take profit, it's a rocket ship higher. I just don't see how this has any ability to even correct 3-5%.It can't and it won't.
Let's have some fun with math.
So my retirement portfolio is up just about 8% since the beginning of November. It's printing me free money every day just like it's printing free money for millions of others.....
So the last 6 weeks if we continue this rally you believe will stay forever and ever and ever without a 3 or 5% correction then my retirement portfolio will be up a massive 40-70% a year!!! And think of how many millions of other portfolios will be up 42% 53% 67% 78% 100% year over year..... law of large numbers and market values to annualized gdp indicators would make this nearly impossible to keep up. Look back at past rallies like this, they are not sustainable as you may believe them to be.
Powell once again has bowed down to wallstreet, this has nothing to Do with anything else but giving wallstreet more fuel to keep the markets juiced up. He has capitulated to wallstreets demands....this is a wrong decision, they were wrong for keeping rates at 0% for far too long to please wallstreet with free money and QE. Here we are again with the fed promising Rate cuts well before inflation gets to the 2% target they believe is possible.....