Forever Bull Market
- Thread starter v-shape-0DTE
- Start date
Is that when NVDA reports again?
Feb 21
The stock is up 50% since January 1st. Yes year to date up 50% adding a market cap of half a TRILLION dollars!!!
$500,000,000,000 + market capitalization added in 5 weeks.
At the Rate it's adding market cap it will be worth over 7 trillion by December 2024!!!!!!
$7 trillion
That's a 7!!!!!
US gdp 27 trillion
That would be 25% of the US gdp.
Think about that for a second.
"Buy it, don't trade it." ~jc
I know this is going to sound counterintuitive, but the higher it goes the harder it will be for this to make larger % moves even though it makes up a smaller percentage. It's way easier for this thing to fall from 300-280 than 440-420 as crazy as that sounds.
Makes no sense at all....
You can get a drop from.440 to 390 in a few weeks if fear kicks in. I remember the spy dropped from.440 to 408 in about a month as everyone was running to the exits as the 10 yrs went to 5%+ .....
He cannot calculate things going down, only up.
This market does seem unstoppable but it is just sentiment driven. As long as everything aligns correctly it will keep going up. Feb 21 seems like an important date but I doubt it will do anything to end the rally. I mean AMD earnings were so so but it didn't really go down much. Of course thanks to ARM we got another leg higher on the Semis. Even the perpetual dog Qualcomm did well.
I think the real wildcard is if the Fed starts dropping rates where will the $7 trillion in short term paper go? I've got to believe a lot will go into the SPY and some into fixed income (junk bonds & FRNs). Of course a lot of retail might just leave it in CDs.
I think the real wildcard is if the Fed starts dropping rates where will the $7 trillion in short term paper go? I've got to believe a lot will go into the SPY and some into fixed income (junk bonds & FRNs). Of course a lot of retail might just leave it in CDs.
LOL. My sentiments exactly at the time.
That CPI revision was not in my calendar, but a trading buddy alerted me to it and said he would be careful holding long positions into that release and after. My immediate gut reaction was, "No f**king way that number will be revised higher and it should be an easy rally."
Had the best day yesterday so far this year. Long overnight and flat after the CPI pump. Bought the dip on the Open and rode it to the Close.