Parabolic move is what we are witnessing..8-2020

[murray t turtle]

They didnt have Zero interest rates and QE in those years.

They have come up with a magic formula to keep the plates spinning endlessly, or least for now, when will it all come crashing down?

%%
I see your points;
+ we had a brief bear in FEB/mar==[-20%+ downtrend in SPY] QQQ was worse than that %.Late SEPT tends to be bearish.Stock Traders Almanac[Hirsch] tends to be conservative in data.I'm ultra conservative myself/but not with data.They average bull + bear markets together/fine. But I dont do that that way; even though when you average all together; makes moves more mild/LOL

 

[Scataphagos]

Technically the market isn't going up due to inflation expectations. If it were, you wouldn't see forward earnings multiples going to the moon.

What sure is driving it up though is the market's belief that the Fed will never again raise rates, and consequently everyone with money is desperate to escape into any financial instrument with any sort of positive yield. I'd expect to see SPX PE settle around 50x, and 75-100x for the Nasdaq. It's perfectly given that large-cap indices are effectively a risk-free asset, IF the Fed indeed stays at ZIRP for years to come...

I pretty much disagree 100%.

 

[murray t turtle]

I pretty much disagree 100%.

%%
Calling any stock market ''risk free'' like he did, because of FED= Bullspit; they never have stopped a bear yet......................................................................................Sure QQQ/SPY is a good uptrend; no way risk free.

 

[themickey]

Never mind market crash theories, concentrate on one thing - trading the trend which is up.
Only incompetent traders/investors/bag holders need worry about a crash.
If you have any nouse (like a mouse), you'll be nimble footed.

 

[noddyboy]

Anyone long QQQ? I am. I assume no one else is.

 

[Relentless]

Anyone long QQQ? I am. I assume no one else is.

Can't blame ya for riding the horse until it dies.

Just make sure you are sitting near the exit when the plane catches fire...

 

[noddyboy]

Can't blame ya for riding the horse until it dies.

Just make sure you are sitting near the exit when the plane catches fire...

Yeah, I get that. 90% of the folks here are all saying the same thing, and yet acting like they are somehow unique in their view

 

[Handle123]

I thoroughly enjoyed selling highs this year, had been doing so for nearly 3 years/hedged. Nothing has changed, resumed selling Index highs/hedged, will keep dividend stocks and when topping structure takes place, stocks get hedged to keep open profits.

Volume looks horrible on new highs, nothing goes ballistic for long.

People, need to save emergency cash for 3 years in case of depression happens, very ripe for this to happen, should of let happen in 2008 and not bailed out banks. Best bank is fire proof safe at home. Gold coinage keeps value, time to dump real estate rental houses now. Let's see if you can pay mortgages with no rent coming in and can't evict them like now.

I think it was Chile number of years ago of hundreds percent inflation, they printed money too.

I will continue to buy stocks willing to go up, but they not long term holds, I have witnessed these patterns before in my time.

Cash is king.

 

[bone]

Every oscillator has shown “overbought” for the last ten years.

And you’ve been saying that we’re going to zero for the past five.

It is incompetence to “time” the market without price confirmation. The Risk/Reward is shit.

I think we are going to witness one fu$k of a drop any day now. Every indicator is showing extremely overbought conditions.

 

[bone]

I know some traders that are long NASDAQ - short S&P 500 as a weighted spread. Most have already cashed out, it’s been one of the best paying inter market spread bets I’ve seen in a long time.

Anyone long QQQ? I am. I assume no one else is.