The S&P 500 topped at 3017.8

Did the S&P 500 top at 3017.8 ?

  • Yes I think you are correct

    Votes: 4 18.2%

  • Hell no you are wrong

    Votes: 9 40.9%

  • Who cares Desterio is good people

    Votes: 3 13.6%

  • Who cares Barron is still ripped and shooting for 10% body fat now

    Votes: 2 9.1%

  • Who cares Volente sucks at calling short term SPX tops

    Votes: 4 18.2%
  • Total voters
    22
  • Poll closed .
Free money every single day ..this reminds me of the dot com days when money grew on trees....unlimited free money also during the housing bubble and now free money during the fed bubble.
 
S2007S said:
Free money every single day ..this reminds me of the dot com days when money grew on trees....unlimited free money also during the housing bubble and now free money during the fed bubble.
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I traded thru the .com bubble ...... this is not like the .com bubble.
 
I don't understand the logics. Since 2009, we know the FED is printing like mad, interest rate is near zero/negative, it is like free money, bubble and all. Yet you don't want to take free money?
 
Since 2009 the market has been going up and down during its daily ranges, yes sometimes strait up and sometime strait down. You make money both ways. There's no universal one way only. The logic is sound when the trading is based on cycles.
 
My year long target of touching 3200 on the SPX was successful and sticking with that premise meant ignoring the heavily opinionated people on here that insisted ( some even mocking those who dared set these forecasts ) we weren't going there. This is often my experience with stock markets, the very best moves are against the "wall of fear" and a lot of mixed or negative bias and setting reasonable long term targets. These moves often provide the best sustainable returns for long term investors. Technicals, fundamentals, and normal seasonality were all suggesting a rally late in the year was likely, subject only to the very real risk of severe trade wars that would be a meaningful set back. Recessionary risks were quite obviously muted very early this year where even bearish analysts were pushing their 2020 recession forecasts ( most were 2020 not 2019 ) to at least 2021 and some hedging to 2022 or 2023.

The noise on here this year was really misplaced at times and often focused on the wrong things. The rally is not on the back of "money printing" or the Fed. Lowered interest rates did what the were intended, cancel as best they can Trump's trade disruptions. Those who understood this knew IF the trade wars settled down, markets were likely going up. If markets are going to correct, and some traders on here have been betting on that all year, there has to be a real catalyst to do so. We'll know if it occurs. It hasn't yet.

I do note I understand that many risk adverse intelligent people might have stayed out this year or were severely underweight stocks. I did the same in the middle of this bull. Sitting in cash is never a bad thing as long as you reassess your approach year by year or as markets correct.
 
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Nine_Ender said:
My year long target of touching 3200 on the SPX was successful and sticking with that premise meant ignoring the heavily opinionated people on here that insisted ( some even mocking those who dared set these forecasts ) we weren't going there. This is often my experience with stock markets, the very best moves are against the "wall of fear" and a lot of mixed or negative bias and setting reasonable long term targets. These moves often provide the best sustainable returns for long term investors. Technicals, fundamentals, and normal seasonality were all suggesting a rally late in the year was likely, subject only to the very real risk of severe trade wars that would be a meaningful set back. Recessionary risks were quite obviously muted very early this year where even bearish analysts were pushing their 2020 recession forecasts ( most were 2020 not 2019 ) to at least 2021 and some hedging to 2022 or 2023.

The noise on here this year was really misplaced at times and often focused on the wrong things. The rally is not on the back of "money printing" or the Fed. Lowered interest rates did what the were intended, cancel as best they can Trump's trade disruptions. Those who understood this knew IF the trade wars settled down, markets were likely going up. If markets are going to correct, and some traders on here have been betting on that all year, there has to be a real catalyst to do so. We'll know if it occurs. It hasn't yet.

I do note I understand that many risk adverse intelligent people might have stayed out this year or were severely underweight stocks. I did the same in the middle of this bull. Sitting in cash is never a bad thing as long as you reassess your approach year by year or as markets correct.
More...
Your points are well taken. :thumbsup:
 
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