Forever Bull Market

[v-shape-0DTE]

ES has dropped nearly 100 points in only a few sessions

Are they gonna make some rules like no short selling soon to stop the drop? Or only shorting on an uptick?

Or send in the plunge protection team?

Not even a 1% drop today. It's pathetic how it always has to gap down and can never stay down. Another much to do about nothing down day. I'm sure it will magically go back up the next few days.

 

[v-shape-0DTE]

There's a reason this is the greatest, most dominant, most unstoppable bull market ever. Look at it go again. As expected the mini drop from yesterday couldn't survive. Just an explosion higher around 10AM. Really nothing was accomplished, 2 gap downs that instantly got bought. And you think this market is really going to go down?

 

[rsd]

Very nice 'V bottom'

 

[v-shape-0DTE]

Very nice 'V bottom'

Yeah when any red is just eaten up so easily there's just no risk ever in this market. I think the last time this put consecutive real red days together was back in November. Every red day like yesterday is a layup that it will bounce back very fast.

 

[vanzandt]

I don't care what the experts say, we'll be lucky to see one rate cut this year, if any.

One doesn't need 100's of WS analysts and the however many Fed (governors/banks/researchers/data analysts) assigned to figure this out. Here in the real world, there's too many help wanted signs at the bottom of the employment food chain, and just like toxins in seafood, that works its way up and affects everything.

New car prices are ridiculous, rents and housing prices haven't really budged, insurance costs across the board only go up. And that's the short list. While food and energy might have somewhat stabilized for now, everything else keeps creeping up.

Last Spring when they were all talking about rate cuts in 2024, I said there was no way that would happen. Pretty sure that'll be the case again. If they do cut rates, it'll be for political reasons, but I think Powell has more integrity than that.

And now energy has moved out of the "stabilized for now" realm as the XLE hits a nearly 10 year high.

And while today's sell-off was shockingly quick, bear in mind it's barely 1%. If the dip buyers don't step in, a healthy pull-back might just be getting started.

 

[vanzandt]

"Sell in May and go away."
"Sell in April, if the move be glacial."

 

[Zwaen]

There's a reason this is the greatest, most dominant, most unstoppable bull market ever. Look at it go again. As expected the mini drop from yesterday couldn't survive. Just an explosion higher around 10AM. Really nothing was accomplished, 2 gap downs that instantly got bought. And you think this market is really going to go down?

So today was more of a lambda

 

[schizo]

So today was more of a lambda

It took 3 months to run the market up over 11%. Now take a guess as to how long it would take to erase all that gain. Probably in a matter of just a couple weeks. (But we're in a bull market, you know.)

 

[murray t turtle]

"Sell in May and go away."
"Sell in April, if the move be glacial."

%%
IS that some kind of cool husky sled dog??LOL Cool
Seldom do good SPY + related profits get erased in a day\
QQQ even worse today .Good thing \not in TQQQ.
Good trades on SPXS related................... Crashing thru 50dma does not mean bull is over LOL.
I dont trade ES, but ES= like SPY=good benchmark;
barchart.com has ES an 8% buy doWn from 100% buy last week,
but that just technicals, for traders , not investors .

 

[vanzandt]

%%
IS that some kind of cool husky sled dog??LOL Cool
Seldom do good SPY + related profits get erased in a day\
QQQ even worse today .Good thing \not in TQQQ.
Good trades on SPXS related................... Crashing thru 50dma does not mean bull is over LOL.
I dont trade ES, but ES= like SPY=good benchmark;
barchart.com has ES an 8% buy doWn from 100% buy last week,
but that just technicals, for traders , not investors .

That's an Elon Musk Shiba Inu doggy named Kabosu. Not sure what Elon named his. They are cute though. And when Elon makes Twitter a payment platform, those doggy Dogecoins represented by Kabosu are going to the moon.
%%%Not a prediction. Not FDIC insured.