The S&P has topped

The S&P has topped

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So here the markets are up 250%+ in 8 years, if you include dividends up over 300%+ ...today the markets drop .85% and BOFA says don't panic???? What the fu$k, don't panic....who writes this garbage, don't panic?? Buy the dip? If you have to write a headline that says don't panic on a .85% dip this market is in for a really gigantic wakeup call!


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Market is down 1% and people are already flipping out. They might as well just turn the thing off on the next 10% down day (and if you ask me they might just do that).
 
i960 said:
Market is down 1% and people are already flipping out. They might as well just turn the thing off on the next 10% down day (and if you ask me they might just do that).
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Its extremely amusing....first big drop since September 2016 and people are crying.... 6 months without a sizeable drop and everyone is whining like little bitches....too funny. Imagine a drop of 8% or 12%, if you think of it that's absolutely peanuts compared to the hundreds and hundreds of percent the market has gained in 8 years and the fact that the markets gained $2 trillion in value since Trump took the win....a little 1% drop and it's making headlines all over cnbc...pathetic!
 
S2007S said:
...What the fu$k, don't panic....who writes this garbage, don't panic?? Buy the dip? If you have to write a headline that says don't panic on a .85% dip this market is in for a really gigantic wakeup call!
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Douglas Adams coined the term I think, back in the 1970s. Grab your towel.
 
S2007S said:
Its extremely amusing....first big drop since September 2016 and people are crying.... 6 months without a sizeable drop and everyone is whining like little bitches....too funny. Imagine a drop of 8% or 12%, if you think of it that's absolutely peanuts compared to the hundreds and hundreds of percent the market has gained in 8 years and the fact that the markets gained $2 trillion in value since Trump took the win....a little 1% drop and it's making headlines all over cnbc...pathetic!
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The comical part though is how much money flooded into the markets right at the top.

https://www.elitetrader.com/et/threads/spy-takes-in-most-cash-in-more-than-two-years.307325/

So if this is where I got in, even if planning for a long term hold, this drop today has got to hurt.
 
S2007S said:
Its extremely amusing....first big drop since September 2016 and people are crying.... 6 months without a sizeable drop and everyone is whining like little bitches....too funny. Imagine a drop of 8% or 12%, if you think of it that's absolutely peanuts compared to the hundreds and hundreds of percent the market has gained in 8 years and the fact that the markets gained $2 trillion in value since Trump took the win....a little 1% drop and it's making headlines all over cnbc...pathetic!
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Overall drop is already nearing 2.5 %. The problem is that fear is stronger than greed which creates a snowball where 1% becomes 2,5,8,10 and more % and that is how tops get made.
 
Decent call so far. Reminder--I only said the top, if any, was not a long term top. In my view, this is still a market to get long in.
 
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