SP500 weekly consolidation just before 2007 crash

[Pager]

I don’t know how many times I have read about market tops and/or imminent crashes the last couple of years, eventually though the doomsayers will get it right and then can say I told you so.


If you look at the chart, there is at least 6 occasions when it looks like the market has topped, then it stalls going lower and kicks higher, you could well have been sitting on the sidelines around the 1500 mark waiting, waiting, waiting, waiting, waiting, waiting, waiting………………………………………….

 

[Sergio77]

Real estate is definetely not the only alternative investment, are all smart people as assertive and with a vision lacking of nuance as much as yours ?
People wo just buy and hold should have survived all drawdowns especially with a diversified portfolio, not only equities I mean.
Not encouraging anyone to go long now btw, it might well crash, or not.
But hoping for crashes to reach the top bracket of net worth (or say the top 1% as you mentioned that number) in your life time is not the easiest way to get there.

I think you confuse market analysis with hope that something will happen. I then hope you were not caught long on Friday.

 

[luisHK]

I'm the one confused, really ?
And you hope I was not caught long on Friday ? When the SPX lost a whoping 1.13% ??
It must have been a near death experience for the longs out there.