Maybe as simple as that!
PS: I posted that to the group I mentioned who usually seem to get it wrong. Even in January, the consensus seemed to be that 'this market has to go down'. LOL.
QQQ The March to 500
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Maybe as simple as that!
PS: I posted that to the group I mentioned who usually seem to get it wrong. Even in January, the consensus seemed to be that 'this market has to go down'. LOL.
And the best way let people feel we are at the top is to post a chart with the last 'bar' ending at 'the ceiling' -top of screen: (okay i will stop polluting now)Maybe as simple as that!
PS: I posted that to the group I mentioned who usually seem to get it wrong. Even in January, the consensus seemed to be that 'this market has to go down'. LOL.
Market Wizard Jason Shapiro says this is the most hated bull market he's ever seen and according to him, this is not like 1999. At least not yet.
Good video.
Measuring Market Euphoria: Is This 1999 Again? - YouTube
This market does feel like the post IPO Netscape market which led to everyone & their mother becoming a dot com company, however on a macroeconomic level it feels more like the early 1920s or post WWII economy. Both of those were fueled by bad times being over and led by a labor shortage that lasted for quite a while.
I think that is the reason the NFP prints don't seem to go below trend. You have a massive shortage of labor in restaurants, cafes, housing, etc. Now there is a huge shortage of EEs to work in Semiconductor Fabs thanks to 25 years of Silicon Valley companies offloading hardware production to Taiwan, Korea & China.
There will be WWIII & the West will instigate it since the West is bankrupt and they simply can't pay off their pension & other obligation so they need a diversion like Oceania in 1984. Let's face it that is the real reason for their assisting Ukraine -- they want to seize the assets of Russia since the West is slowly going bankrupt due to their malfeasance. I mean the slightest rise in rates in the UK almost led to their pension system collapsing.
The NASDAQ will probably triple by 2032 which is probably the 1929/2000 moment.
I think that is the reason the NFP prints don't seem to go below trend. You have a massive shortage of labor in restaurants, cafes, housing, etc. Now there is a huge shortage of EEs to work in Semiconductor Fabs thanks to 25 years of Silicon Valley companies offloading hardware production to Taiwan, Korea & China.
There will be WWIII & the West will instigate it since the West is bankrupt and they simply can't pay off their pension & other obligation so they need a diversion like Oceania in 1984. Let's face it that is the real reason for their assisting Ukraine -- they want to seize the assets of Russia since the West is slowly going bankrupt due to their malfeasance. I mean the slightest rise in rates in the UK almost led to their pension system collapsing.
The NASDAQ will probably triple by 2032 which is probably the 1929/2000 moment.
Actually, I think he's a bit mistaken in his analysis. First, back in 1999, most people followed the market by watching CNBC. Even though Internet was available, unless you were a day trader like me, you got your information mainly through old skool outlets.
He also states that everyone was euphoric and talked about stocks back then but that is not the case now. What he seems to conveniently forget is that, in 1999, the main channel of communication was through word of mouth. But who the hell does that now? It's all done through social media now. Does he not look at Twitter/X or other popular platforms? It's a never-ending buzz awash with people talking about Nvidea and Bitcoin. You can't say that ain't no hysteria.
Personally, I think the market hysteria now is worst than the one in 1999. Back then it was just sheer greed. Now, it has morphed into some cult-ish voodoo state of mind. We live in some really strange times.
When markets only go one way the euphoric feeling of only knowing 1 way persists in everyone's mind meaning you see a constant up market and the only thing you can think of is that price action tomorrow will be higher than the price action today and so forth....there is literally zerooo fear or an inkling of fear that there could be any downward pressures. It's literally one continous move upward, zero fear and 100% complacency. ...
The market hysteria is definitely worst now, it has a different feel but even a market that trades like this is not healthy....you need cycles and the fed has eliminated these cycles because of qe and the printing of unlimited amounts of money.
Some firm predicted 6500 before market pulls back...but even at 6500 and pull back of 20% just takes us a tad below where we closed on Friday.
You're suggesting that there is covert Monetary Policy (QE) occuring - (which has to be The Fed), so the Government can take control of "new technologies"???
I've never met a lender who didn't offer cash without at least some strings attached. Can you believe the deficits fed.gov has been running? It's almost like their lender(s) can see the inevitable trajectory, since it matches so many other empires in history, and are securing the collateral in advance......