So this was like trading in the late 90s?

[maler]

Man's progress is ever-upwards, in fit and spits, furts and spurts.
At least it's been that way since the watering hole scene in Kubrick's 2001.
Equity prices reflect this.

Humanity itself is a bubble.

Bear markets are buying opportunities.
Never go short. If for no other reason, the long side is bounded at zero.

Nice chart. I will add another one for a more balanced view.

 

[murray t turtle]

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.

%%
I never have figured out why the DOW is a media darling,so i watch DIA sometimes LOL. I wish the WSJ would disclose they goof PEcharts up so much cause they -promote DOW/Dow Jones , front page,WSJ .....1929 -1930s most likely up better % but you maybe right. NOT long or short DIA, but frankly that is strange why 30 old time stocks would do much better than 500/SPY benchmark?? 500 do mostly better.NOT a prediction. News media reported DOW up 10 days in a row,last year,conservative radio usually right, but DIA was NOT closed up near 10 days in a row.LOL-LOL

 

[matthewyoung]

As I mentioned many times before and I'm shocked it's not being said, but these are markets mankind has never witnessed, why everyone is nonchalant and not even questioning it is beyond me...I guess everyone is just stuck in their own money making stock market bubble where literally nothing can go wrong...it's amusing how a continuously falling market has people questioning it non stop hour after hour day after day, but a market that literally only goes up is being ignored any questioning what so ever...there should be cnbc segments on what is actually happening and why this phenomenon is taking place.....it will come to light after the next bear market and collapse comes, that's the only time it ever will....

Market makers are becoming wiser, finance is a new science and we are learning. It should be expected that our composite value-generating ability will increase with time. Also once heard it said that ellipsis are good indicators of paranoia..(.) Just messing with you buddy.

 

[matthewyoung]

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.... or maybe delete it and gig me 2 demerits.)

I think we can expect a generalized gain over the next 3 years. High profitability will attract and support irresponsible behavior that will cause a plateau in volume, followed by plateau in capitalization. Reflexive behavior will then initiate wide scale shorting and evacuation without any real loss of intrinsic value, followed by confident buyback. And the market marches on. Small recession will occur in small bursts and I think a larger one in 4-5 years. Panic will far outweigh its merit.

 

[matthewyoung]

You know don't you that the media is probally going to spin that the obama administration IS THE ONE responsible for the trump rally. ROFLMAO AGAIN

Remember this is a finance site. Politics are an influence, not a concentration.

 

[murray t turtle]

Risk ? What was that ?
It wasn't trading just flat out gambling blindly off the herd mentality.
Between March and April of 2000 the easy money bull ride was over and I learned to short. I also learned that some of the most violent short squeezes happen in bear markets especially when the fed was toying with emergency cuts. The problem with a runaway bull is 90% of the people are blinded by the greed and become so conditioned to trading long that when the bear starts they give it all back.

%%
Another problem with a run away trend, Volene-00;
they can end, but good thing a good trend does NOT end- easy... LOL Support+ resistance can get goofed; when they split the stock a bunch of times.I remember the chart, cause i saved the barchart in WSJ ======Time INC +Warner merger,TIME INC chart almost made $200 .1989 more or less. BUT i still have the WSJ chart .... NYT article noted[MARCH 1989 ]read today= noted TIME INC stock closed @ $$109/, merger day/+, + I dont remember all the details except WSJ had some good articles, saved some of them. Prefer IBD , but WSJ has always had better merger + a...... info. Another thing wall street was trying to figure,, if it was going to be Time- Warner or War-Time LOL.

 

[rvince99]

%%
I never have figured out why the DOW is a media darling,so i watch DIA sometimes LOL. I wish the WSJ would disclose they goof PEcharts up so much cause they -promote DOW/Dow Jones , front page,WSJ .....1929 -1930s most likely up better % but you maybe right. NOT long or short DIA, but frankly that is strange why 30 old time stocks would do much better than 500/SPY benchmark?? 500 do mostly better.NOT a prediction. News media reported DOW up 10 days in a row,last year,conservative radio usually right, but DIA was NOT closed up near 10 days in a row.LOL-LOL

The big TV Indexes - the Dow, are why Standard and Poors acquired Dow Jones Indexes.

 

[murray t turtle]

The big TV Indexes - the Dow, are why Standard and Poors acquired Dow Jones Indexes.

%%
Good reminder, big TV. I dont really hate the DOW/DIA, but it would be easy to hate LOL. MODERN TRADER magazine [JAN] HAS average DOW gain, JAN=00.85% ;, NasdaQQQ average JAN gain 2.56%, S&P 500[SPY] 0.94 %..............................................

 

[rvince99]

Agreed, the Dow is certainly not the best measure of the market-at-large. It does, however, have the benefit if giving you survivorship bias of you restrict your trading to those stocks in it. The old men who maintain it will get you out of the Woolworths, Intl Harversters, Manvilles, Xerox's etc before they crash and burn.
And there is GE.....fighting for it;s life.....

 

[murray t turtle]

Agreed, the Dow is certainly not the best measure of the market-at-large. It does, however, have the benefit if giving you survivorship bias of you restrict your trading to those stocks in it. The old men who maintain it will get you out of the Woolworths, Intl Harversters, Manvilles, Xerox's etc before they crash and burn.
And there is GE.....fighting for it;s life.....

%% Agree rvince99;
about 95% ,maybe more.....They were the ones that kicked [C] Citigroup out of the DOW if i remember right?? Citigroup has good customer service in Credit Card sector, but they reverse split the stock 10 to 1, meaning $75/+ current price is really $7.50. LOL Sorry most charts do not disclose that