Mr. Bull, We've Had Enough with Your BS. You're Fired!

[schizo]

ok... let me tell you something, from beautiful Noo Joysey.,

this is not how market works... 3300 means nothing to main street... and if you accept this premise, then the rest would unfold.

As much as I like your permabull attitude, I believe your reasoning here is flawed. The reasons are twofold.

1) First, let's go back to the 2008 financial crisis and its aftermath. Wall Street was bailed out by Uncle Sam. Main Street, here I'm talking about the relative health of the economy, never quite received the full attention it needed from Uncle Sam to recover. Consequently, while the banks and the stock market flourished for the last ten years, the labor market, by comparison, remains well pretty tame. If I were a Noo Joysey dude, I would be pretty pissed off.

2) "3300 means nothing to main street". Well, even though the Main Street crowd might not know or care about where the stock market is trading, they will eventually care when the market sells off and the companies for which they work are forced to downsize. As was seen in 2008 financial crisis, there's a direct correlation between a systemic market selloff and massive layoffs. Of course, I am in no way saying another repeat of 2008 bust will happen.

 

[murray t turtle]

ok... let me tell you something, from beautiful Noo Joysey.,

this is not how market works... 3300 means nothing to main street... and if you accept this premise, then the rest would unfold.

%%
Means nothing, to main street D888??
OK; its still a bull market you know. SPY + QQQ + futs related are going up again. Premarket looked a bit bearish, but maybe that guy, that bought a high knows something about bull market uptrends?? LOL..........................................................................................

 

[schizo]

From this day on, I will keep track of SPX using today's high of 3294 as the baseline.

01/14 : -11 (-0.34%)

Number of days since and % change from 3294:

Day 2 : -0.15%

 

[MKTrader]

real estate grows on average 5% a year
if you obtain mortgage with 10% down it's much more prudent to buy a house than invest into stocks

Your own house is the worst possible real estate investment. Some of the best RE investors know this and actually rent their primary residence.

 

[dozu888]

As much as I like your permabull attitude, I believe your reasoning here is flawed. The reasons are twofold.

1) First, let's go back to the 2008 financial crisis and its aftermath. Wall Street was bailed out by Uncle Sam. Main Street, here I'm talking about the relative health of the economy, never quite received the full attention it needed from Uncle Sam to recover. Consequently, while the banks and the stock market flourished for the last ten years, the labor market, by comparison, remains well pretty tame. If I were a Noo Joysey dude, I would be pretty pissed off.

2) "3300 means nothing to main street". Well, even though the Main Street crowd might not know or care about where the stock market is trading, they will eventually care when the market sells off and the companies for which they work are forced to downsize. As was seen in 2008 financial crisis, there's a direct correlation between a systemic market selloff and massive layoffs. Of course, I am in no way saying another repeat of 2008 bust will happen.

true... point is there is zero significance in anything level, or line, or resistance, round number or anything... there is only up and down.... main street may decide to buy so many different components it's a total chaos out there.... to suggest some kind of number has some meaning is utter nonsense that gets passed from 1 failed trader to another.

there is only up and down, trade the people, not the chart, not the 'levels'.... trust me, trading will feel completely different if you focus on the people, the true driving force.

 

[kashirin]

Your own house is the worst possible real estate investment. Some of the best RE investors know this and actually rent their primary residence.

For example who?

 

[murray t turtle]

Your own house is the worst possible real estate investment. Some of the best RE investors know this and actually rent their primary residence.

%%
Mostly true;
but much better than rent receipts. But IF I lived in an oVerpriced market like Manhatten, I may rent until I could move out LOL, but I don't.Its the same reason most millionaires have no or low mortgage[under $100k]
With 10% down, average appreciation of 5%; most would figure that is better than 5%, but many ETFs pay diVidends + require no roofs+ heating repair.......................................................................................................Many duplexers rent the other half

 

[MKTrader]

For example who?

Jason Hartman is one example
https://www.jasonhartman.com/

 

[schizo]

there is only up and down, trade the people, not the chart, not the 'levels'.... trust me, trading will feel completely different if you focus on the people, the true driving force.

Eh??? As if the driving force behind the steep rise in the stock market for the last 10 years is the average Joe and Jane? Yeah, right. (*black eye*)

 

[Seaweed]

Eh??? As if the driving force behind the steep rise in the stock market for the last 10 years is the average Joe and Jane? Yeah, right. (*black eye*)

Excellent point. I remember seeing charts such at this one in the link which show where the money is coming from.

https://twitter.com/x/status/1201257963748569088