So, just to be clear - we have erased the COVID selloff of 2020, for the past five weeks you have posted repeatedly about how the market simply should not rally, the market rallies hard the past six weeks - and then the market corrects one percent and you are declaring vindication? Nervous much?
Haven't seen this much bullishness since 1999. Most bears have thrown in the towell
- Thread starter hafez50
- Start date
That was easy to get the nasdaq in the green. Rotate money back into amzn fb aapl nflx andike magic you have a green nasdaq
Amzn up $100 in one week. Considering the run its on it will add a whopping $1 trillion in market cap if it keeps up with this trajectory....of course amazon can never ever ever be overvalued because you know, its amazon and amazon is the world.
Amzn up $100 in one week. Considering the run its on it will add a whopping $1 trillion in market cap if it keeps up with this trajectory....of course amazon can never ever ever be overvalued because you know, its amazon and amazon is the world.
It really depends on one's perspective and trading timeframe.
@KCalhoun is a day trading coach, for him every down day is a bear market, he could short them and make money. What is in a name? His record speaks for itself.
For @SimpleMeLike, he advocates buy and hold, for him every decade is a bull decade. There are very few bear decades in the last half century. His record speaks for itself too.
For me I swing trade with timeframe longer than a day but shorter than a decade. I am confuse if I am in a bear or a bull the last few months.
Regards,
Nasdaq still being pushed up by the same stocks.
Seems like that is just the forever trade....
But when you have stocks like nikola with zero fundamentals... zero inventory ...zero revenue... zero infrastructure.... and it goes public and is worth more than Ford or fiat Chrysler who actually have a product and have billions in revenue you just have to really question these upside down markets.
Just like the good old days back in 2000, the dot com bubbles:
We all knew then it couldn't last, knew the best thing to do was to take money off the table, but making money was sooo easy we kept telling ourself we would get out as soon as we detected a reversal.
When the reversal came, we hesitated and thought maybe it was just a dip, we waited a little longer to see what happen. Then they kept going down and since we lost half our gains we hoped to gain back some before we exited. Finally, the worthless dot com stocks were almost worthless, we got mad and got out, lost almost everything.
This time is different, we said. But history will repeat and we will be in the same situation again.
Just like the good old days back in 2000, the dot com bubbles:
We all knew then it couldn't last, knew the best thing to do was to take money off the table, but making money was sooo easy we kept telling ourself we would get out as soon as we detected a reversal.
When the reversal came, we hesitated and thought maybe it was just a dip, we waited a little longer to see what happen. Then they kept going down and since we lost half our gains we hoped to gain back some before we exited. Finally, the worthless dot com stocks were almost worthless, we got mad and got out, lost almost everything.
This time is different, we said. But history will repeat and we will be in the same situation again.
History always repeats, but when free money just comes pouring in and every day stocks push higher even during the biggest crisis in history and you have the fed backing the stock market you think at these moments that its nearly impossible to sell off to new lows set in march let alone the s&p falling below 3000 now.
The euphoria is already here and not going anywhere even if the markets were to drop say 7% because everyone would be screaming a buying opportunity of a lifetime especially the masses of new investors since earlier this year and those who missed out looking to get in. The cycles always repeat but when you have a fed that doesn't allow free markets these markets tend to lean in one direction far longer than anyone's imagination ...like i mentioned it seems markets can never ever be overvalued even after a fed backed 10+ year bull market but can quickly become oversold within just days....
Finally the gloves are off between two sponsors. This kind of repartee will certainly make ET more of a worthwhile read.
