So I just bailed out of this market

[murray t turtle]

The fact there was a 25% correction last fall actually makes it less likely we get another one at this time.

%% True;
especially since many define a bear market as a 20% correction, or more.Not counting market makers, much more has been made on indexes /ETFs,buying hi than selling hi. True also; some can make more, quicker ,short + lose more, quicker on the short side.[QQQ lost more than 20%]

 

[themickey]

i'm a contrarian. i usually do the opposite what the crowds said. when everyone said 2019 was gonna be a recession year...i keep buying. now that everyone around me say we are in the bullish market. i take profit. works so far for me. lol.

Well those saying it's a bullish market are in the vast minority.
The last few months it feels like money has dried up, the buying is sparse and sporatic, it's like the fund managers have sacked all staff.
That's the bit which concerns me atm, nothing is trending strongly, but I'm still not calling it a bear market, just a lull in enthusiasm.

 

[Nine_Ender]

That is faulty logic. If a Delta plane just crashed it doesn't means that the next Delta flight has less of a chance to crash then it normally would.

We are talking about stock markets not planes. People have sentiment and remember their entry and exit points often for emotional reasons. Key price levels on many stocks get revisited and often become inflection points. But I'm all ears. Tell me about some other instances where a market corrected 20% in the fall, then went to higher highs, then corrected the next fall.

 

[Overnight]

We are talking about stock markets not planes. People have sentiment and remember their entry and exit points often for emotional reasons. Key price levels on many stocks get revisited and often become inflection points. But I'm all ears. Tell me about some other instances where a market corrected 20% in the fall, then went to higher highs, then corrected the next fall.

First time for everything. Feb whatever date 2018 happened. Largest daily point drop in Dow history.

Then Dec 26th 2018 happened, largest daily point rise in Dow history. 11 month span. Anything can happen these days.

 

[tiddlywinks]

Well those saying it's a bullish market are in the vast minority.

Just to make your point...

Barrons, 10/26/19
https://www.barrons.com/articles/ba...ll-street-is-scared-of-washington-51572045878

After a big year for U.S. stocks—make that a big 10 years—America’s money managers see trouble ahead for investors. Blame it on the market’s lofty valuation, a muddled economic outlook, or the increasingly fractious political landscape, any of which could stifle stocks’ advance in coming months. Whatever the case, only 27% of money managers responding to Barron’s fall 2019 Big Money Poll call themselves bullish about the market’s prospects for the next 12 months, down from 49% in our spring survey and 56% a year ago. The latest reading is the lowest percentage of bulls in more than 20 years.

--------------------------------------------------------------

AAII weekly survey...

 

[murray t turtle]

We are talking about stock markets not planes. People have sentiment and remember their entry and exit points often for emotional reasons. Key price levels on many stocks get revisited and often become inflection points. But I'm all ears. Tell me about some other instances where a market corrected 20% in the fall, then went to higher highs, then corrected the next fall.

%%
Good points- ''all ears''+ commercial planes in US seldom crash anyway.[ WSJ/DOW Jones has had some great charts/candle charts; but plenty of nonsense about PE+ such . Strong stock seasonals; NOT for TSLA, but even that one could reverse. NOT a prediction.

Private planes are much more of a risk ; auto accidents are even much more of a risk

 

[RRY16]

Lol. He was a perma-bear at 2100... I'd hate to think how much he's lost fighting this bull.
Ya know I never understood why you guys hated him so much. Granted I wasn't around then, but for the time he was here when I was, he didn't seem any more off the wall than any of the other cast of characters that frequent this place. Mav74 liked him, didn't Mav and a bunch of folks go to his soiree at Mar-a-Largo?
The guy snagged his wife here. She was good looking too.... and half his age right? Hell he must have done something right.

You Guys? I was never against him, I thought he was pretentious and FOS @ times but never took it serious. Didn't he make a decent short call on Shake Shack?

 

[vanzandt]

You Guys? I was never against him, I thought he was pretentious and FOS @ times but never took it serious. Didn't he make a decent short call on Shake Shack?

F no lol.... it was horrible play. It hit $99. Ya gotta look at the float on these things before you short them. Short AMZN... OK.... short SHAK when only 30% of the shares are publicly traded.... its suicide. Pure retail rookie move. I told him so too. How did he become president of a hedge fund society?
Whatever.

Surf even gave it its own thread. I had the honor of being the last one to post on it.
https://elitetrader.com/et/threads/marketsurfer-says-short-shake-shack.291104/page-71#post-4668858

 

[ironchef]

The Sep 2000 equity high took 7 years to eclipse... in 2007.

Anyone recall what happened in 2007?

Market drops 55%. Over 16 months.

Market takes over 4 years to eclipse 2007 high.

Nearly 13 years before before 1560 eclipsed.

But if you didn't panic and stayed all in, by now you would be a lot better off. The problem with us retails is we always time it wrong so it is best not to time the market.

 

[Louis_tr]

Exhuberance is the danger signal, not fear.

‘Exhuberance is the danger signal, not fear’. Can you please elaborate on this.