It can't be toppy, when such a thing doesn't exist.
Forever Bull Market
- Thread starter v-shape-0DTE
- Start date
It can't be toppy, when such a thing doesn't exist.
umm yeah. 0DTE has created this monster of a market. I can't prove it, but QQQ would probably be sub 300 without 0DTE. It has single handily changed the market forever. There were some false articles initially how it could lead to more volatility/ flash crashes, but just the opposite. You have unlimited liquidity and a market that can't ever stay down no matter what. Nothing matters anymore, market is forced to go up.
The 0DTE theory seems interesting especially for the last hour buying. The problem is at the end of October 2023 0DTE options existed and the QQQ was getting killed every day. Like I said the rally is 100% about the bond market rally.
I think the AI hardware companies will continue to do well (NVDA AMD AVGO). All the interest rate sensitive industries will do much worse than the SPY. IWM is already down 10% since its high. So is the KRE. CRE REITs (SLG VNO) are the most sensitive because of the refinancing of dieing downtown offices.
I think the AI hardware companies will continue to do well (NVDA AMD AVGO). All the interest rate sensitive industries will do much worse than the SPY. IWM is already down 10% since its high. So is the KRE. CRE REITs (SLG VNO) are the most sensitive because of the refinancing of dieing downtown offices.
I don't agree. It was towards the end of October '22 if I remember correctly and that was when the market bottomed. Regardless of whatever theory you want to have, no one can argue that the price action has been completely altered cause of this. It was never making these fast guaranteed V-shape recoveries before this. Sure they could happen in certain situations, but now it's a guarantee that it will always happen.
I remember the selloff days, they were real and nothing like today. Some days there was violent selling, stop losses were triggered and people were actually scared. You would have slow bleed days or days where every time it would hit resistance would body slam and sell further. You could plot lines on a chart and it would work very reliably.
Now at any point you sit back and wait for the magical V to come at any point, but it likes round numbers, like :15,:30, :45, :00 past the hour.
As crazy as it sounds QQQ could fall 15-20 in a matter of 4 trading days, you could get $7-9 down days or even 2 consecutive days like that. Now of course, that won't ever happen again and it's a struggle to even get a -1% day and if that happens the next day gaps up and most of it is magically gone.
Just a different world and we will never see anything that resembles that again.
They said right before Y2K dotbomb era imploded, it's different this time. It never is.
Stick around awhile and see what happens, once again, to forever bull market.
Giving examples of times in the past when the market was actually vulnerable vs now where the market actually can't drop is not a fair comparison.
This time is so different. There is actually no chance of a real correction. To get a 10% drop in QQQ it would have to fall to 370. How on earth does that happen when they buy every dip?
We've never had a more risk free market and what's crazy is every week that goes by, it becomes even more risk free.
QQQ New ATH today. Market will have no choice, but to keep hitting new highs. Just no way for this not to V every time and that will keep fueling it higher.