This relentless upside without downside volatility is unnerving. Makes you wonder what could upset it when the BOJ owns 75% of the assets in all of their ETFs. Have never seen anything like that before.
Way different, this market is steadily going up but in the late 90's, you could routinely take a flat base breakout on a high beta mid-cap tech and make 20-100% in minutes...over and over and over. It was absolutely crazy.
This relentless upside without downside volatility is unnerving. Makes you wonder what could upset it when the BOJ owns 75% of the assets in all of their ETFs. Have never seen anything like that before.
The ATM SPY calls are up 500% in 4 days. Now I am curious of a strategy just buying ATM weekly calls every Monday and holding them into expiration.
Dow is up 2% for the first week in 2018!!
That is a significant return if you think of it for the first 4 trading days of the year!
Imagine if it was down 2%?? The fed would have stepped in already to get things propped up once again....even if the markets drop 20% it would a drop in the bucket considering the return it has had since 2009!!!
Years ago, a 20% decline was considered, "just noise" rather than a crisis.
Perhaps this will continue through the mid-terms and even into the 2020 Primary. Stocks waaay up, unemployment down, wages up, etc. Maybe the Left would "come around" and reject the Socialist Progressive Commie DemoCrap BS we've had shoved down our throat's over the last decades... ?? And have America become "America" once again.
(Oops, got carried away... Mods will probably move this post over to Politics.)
Oh and a record breaking fact:
They have also notched key milestones this week. The Dow closed above 25,000 for the first time on Thursday. It took the Dow just 23 trading days to rally from 24,000 to 25,000, marking the fastest 1,000 point move in the index's history. The move is also tied for the fastest ever in terms of calendar days at 35.