Nasdaq back to all time highs.

[VEGASDESERT]

Double top? Ever thought it might be a massive breakout?

Anything is possible.

 

[jl1575]

It is said the market is always 4 months ahead of the economy. If people think the prospect of economic situation is better 4-6 months from now, they put in money in the market. Investment, in essence, is always about and for the future. right?

 

[Turveyd]

Maybe just maybe the market is signaling good times ahead...like years ahead of the economy. Lol

Signalling 2030 after the great depression, famine, WW3 is going to be a good decade.

20's, thinking about cyro sleeping the rest of them

 

[hilmy83]

 

[ET180]

Good points but what shocks me is how many market pundits said we won't see the highs
for many years. Here we are 2 months later. lol.

Although sp and dow not there yet, close but hard to imagine they will double top anytime soon.

So stop listening to the pundits. They are paid to talk and sell subscriptions. If they were actually good at trading / investing, then they could be making more than enough money simply doing that.

 

[Scataphagos]

Was it Greenspan who first used the term "irrational exuberance"?

I think we're seeing it again.

 

[RainMaker3000]

Was it Greenspan who first used the term "irrational exuberance"?

I think we're seeing it again.

For the old, technology is irrational... and youth is exuberant

 

[S2007S]

Was it Greenspan who first used the term "irrational exuberance"?

I think we're seeing it again.

Indeed. RSI showing overbought conditions. Wouldn't surprise me to lose half the gains we made going into Thursday and Friday after 3 huge days of gain.

 

[Clubber Lang]

Indeed. RSI showing overbought conditions. Wouldn't surprise me to lose half the gains we made going into Thursday and Friday after 3 huge days of gain.

Overbought?
We’ve been overbought for weeks and the market still won’t downtick for more than half hour before the buy algos kick in.

 

[Clubber Lang]

Then you'll get one of those 8% drops in a week due to fear of riots continuing or the economy not opening up as it should with an extended recession.

Even if somehow that happened it would be a blessing for the market bulls because the Fed/government would immediately jump in with another few trillion in stimulus and we would be back to new highs in a few weeks with more rocket fuel to launch.
There is literally zero risk anymore.
The Fed has shown that
Don’t fight it