S&P Goes Longest Without A 5% Pullback In 20 Years As NFLX Leads Nasdaq To Record Highs

[Scataphagos]

Years ago a 20% dip in the market was considered "noise".

Ahhh, the good old days.

http://www.zerohedge.com/?page=1

 

[theapprentice]

I'm expecting 2600 level fairly soon. It's certainly my favourite instrument!

 

[recession2016]

This is setting up for a decline next year. Wave 5 blow off tops are one sided until the music stops and it will stop

 

[algofy]

This is setting up for a decline next year. Wave 5 blow off tops are one sided until the music stops and it will stop

I thought you weren't keen on long term predictions?

 

[Scataphagos]

I'm expecting 2600 level fairly soon. It's certainly my favourite instrument!

All we know for certain is that the market is still "PU". (That's Psycho-UP, not "hold your nose"). Nobody knows how long it will continue or how far it will run, but any decisions we make about the market and our trades need to include the fact that it's "still PU".

 

[theapprentice]

things like terror attacks will knock it down every now and again, but overall, it will always be going up

 

[Jdesey]

WOW "always be going up" now that is a bold statement. I think we are due for a MONSTER correction. I hope so, cause I love the short side. So much money to be made as the fools run for the exit.

 

[algofy]

WOW "always be going up" now that is a bold statement. I think we are due for a MONSTER correction. I hope so, cause I love the short side. So much money to be made as the fools run for the exit.

How's that short side been working? US equities...pull back? Correction? Been hearing it for years, not gonna happen, go balls deep long.

 

[Jdesey]

My shorts have worked amazingly well. I am a day trader, so I really don't care too much about any long term trend. My average short produces 2X profit compared to my longs. Per my trading journal, not just memory

 

[Jdesey]

If you are doing so amazingly well, why do you keep asking newbie questions?

To annoy the experts like yourself... DUHH!!