SOXL up 16%+ in only 5 days, its a 3X ETF but still that means the semis are up about 5% as well in about 5 days time, thats huge, seems no end in this parabolic move to the upside, especially in these semiconductor stocks.
Sorry to hear. With the new highs in Nikkei, Nasdaq Comp and Nasdaq 100 today, we are back into the bubble. I never seen a V-shaped peak before. It is going to take a while before the elevator down. Maybe late 2015?
I wasn't trying to give you a hard time, but I just see it pointless to fight the crazy as it can get double triple crazy and still be crazy. At this point, why not rally another 10-20% over the next 2M and make this look like July 1929's ramp before the peak?
This market is going to correct eventually, it will happen when you least expect it, I would say the last 10-20 times or so that it looked like it was headed down all it did was drop about 4-7% and resume its upward momentum, that will break one day, its anyones guess when this happens, but it will, it shouldn't be a surprise to anyone who has watched this market move up over 175%+ in only 6 years, I mean how much upside can they squeeze out of this market, companies have been buying back a ton of shares which has also juiced the market, how long that goes on for as well is another guess, but for now every article written is showing a bullish case over a bearish one, it seems to be the trend. The next collapse might take place at DOW 20,878 or 23,960 or 27,902 or 30125 or even 36,202, but even if it does travel up that high, a 50% correction would take it back below todays levels, without a correction taking place the next one will be even larger, thats why I never understand why the fed tries to get rid of recessions as fast as they can, recessions and turn downs in the economy are actually healthy, you need that in the economical cycle, but in todays economical world recessions and down turns are not allowed, and that is the reason why the next collapse will make the last collapse look like nothing ever happened.
This market is going to correct eventually, it will happen when you least expect it, I would say the last 10-20 times or so that it looked like it was headed down all it did was drop about 4-7% and resume its upward momentum, that will break one day, its anyones guess when this happens, but it will, it shouldn't be a surprise to anyone who has watched this market move up over 175%+ in only 6 years, I mean how much upside can they squeeze out of this market, companies have been buying back a ton of shares which has also juiced the market, how long that goes on for as well is another guess, but for now every article written is showing a bullish case over a bearish one, it seems to be the trend. The next collapse might take place at DOW 20,878 or 23,960 or 27,902 or 30125 or even 36,202, but even if it does travel up that high, a 50% correction would take it back below todays levels, without a correction taking place the next one will be even larger, thats why I never understand why the fed tries to get rid of recessions as fast as they can, recessions and turn downs in the economy are actually healthy, you need that in the economical cycle, but in todays economical world recessions and down turns are not allowed, and that is the reason why the next collapse will make the last collapse look like nothing ever happened.
Not questioning any of this, but the risk reward seems higher if you wait for 2-4 weeks after the high. Feel free to prove me wrong. 8/21/1987 was the peak, but the time to short big was 10/1/1987. So even if TODAY is the peak -- which is a big IF, it is not time to get short yet.
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my condolences AGAIN permabears