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The rally has been more impressive than the selloff was shocking
- Thread starter hafez50
- Start date
I'm saying the rally is more impressive in the context of we were in huge bubble in prices so i can make a case the s@p should have never been over 2800 max . To buy so aggressively when the mkt was still expensive at 2200 of forward earnings is shocking . I still think we go down to 1800-2000 and go sideways for yrs ala Japan.
Huge bubble????
Wait did you say that before this crisis occurred? ???
Because not one person called anything a bubble before this crisis, saying that equities were going to continue to surge to new highs.
Are you sure? Market is so smart. Are you think that idiots are buying 260-280 spy area? No! Smart money is buying!I'm saying the rally is more impressive in the context of we were in huge bubble in prices so i can make a case the s@p should have never been over 2800 max . To buy so aggressively when the mkt was still expensive at 2200 of forward earnings is shocking . I still think we go down to 1800-2000 and go sideways for yrs ala Japan.
Huge bubble????
Wait did you say that before this crisis occurred? ???
Because not one person called anything a bubble before this crisis, saying that equities were going to continue to surge to new highs.
Yes i've called it a bubble for months . When you basically had flat earnings in 2019 and the mkt was up 30% to me thats a bubble. Understand people will always make an excuse for why the mkt trades at a particular level . At 3300 nobody was bearish. Dalio,tudor-Jones were at davos saying the mkt looked great and they were long. I'm talking about buy and holding stocks. As far as day trading goes i never argue with the mkt.Sure i short for 5-10 min intervals all day long when i see opp. But lately the trends been up so 75% of my day trades have been buying dips. If we weaken i'll trade more from the short side
Are you sure? Market is so smart. Are you think that idiots are buying 260-280 spy area? No! Smart money is buying!
Wasn't the mkt smart at 3100-3400? They got destroyed being smart.
Huge bubble????
Wait did you say that before this crisis occurred? ???
Because not one person called anything a bubble before this crisis, saying that equities were going to continue to surge to new highs.
Beyond a few cheerleader types on here, almost no one was saying we were going to surge to new highs earlier this year. In fact, overall market sentiment has been fairly negative since early 2019. You just keep making this shit up. Many, many people failed to fully participate in the gains in 2019. Only a fool would have called US equities a "bubble" at any point in the last few years. Valuations were upper range normal using standard measures like forward P/E.
You need to stop making false claims. It got old many years ago.
Wasn't the mkt smart at 3100-3400? They got destroyed being smart.
Who got destroyed ? Is this the dream you have, that people sat on the sidelines throughout 2019 and suddenly bought in 2020 ? Who are these people, your friends and family ? I don't know anyone who did this.
Which is why the decline was more impressive.....
Its like the drop is no big deal
To go violently against a massive bull market more than 20%+ in such a short time.
The rebound is just going back to its natural long bias. Maybe.