This is what happens when the federal reserve prints trillions and trillions of dollar$$$$$$$

This is a monthly NQ chart with a 75-degree slope, the steepest on record.


Screenshot 2021-08-30 154031.png
 
Yeah the QQQ chart can only be categorized as parabolic. Amazingly the PE of the QQQ is still only 35. Imagine if it went to 100 like in 1999.

That means these NASDAQ companies are making more and more of the earnings pie which doesn't bode well for the economy. There's still 4-5 million jobs missing from March 2020 so that means companies have basically pocketed that cost savings. I can't imagine it well end well.
 
S2007S said:
You meant to say JPEG rocks selling as NFTs are the next to double.

If anyone thinks there is nothing wrong with this entire market you have to have your head examined. I'm telling you this market is going to break so fu*king hard. Anyone who thinks this is the norm better wise up and start rethinking your game plan. When a picture of a rock, A simple pointless, mindless patheric jpeg of a rock sells for millions of dollars that right there is your warning sign. This isn't the only thing that raises concern, the list goes on and on but just keep ignoring it until that day comes and you realize after the fact the warning signs that were already in place.


According to a new tweet from Twitter account EtherRock Price on August 22, even the most affordable version of the Ethereum-based NFT at the time reached a staggering 321.12 ETH, which is roughly $1,046,742 USD. The most expensive one sold stands at an incredible 420 ETH, or approximately $1,397,277 USD. Just a day before that, EtherRocks were going for around $300,000 USD, already a massive increase from the $100,000 USD price tag from two weeks ago.
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Buy the dip!
 
nitrene said:
Yeah the QQQ chart can only be categorized as parabolic. Amazingly the PE of the QQQ is still only 35. Imagine if it went to 100 like in 1999.

That means these NASDAQ companies are making more and more of the earnings pie which doesn't bode well for the economy. There's still 4-5 million jobs missing from March 2020 so that means companies have basically pocketed that cost savings. I can't imagine it well end well.
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It's not parabolic at all, but idiots can post a chart with a really narrow X-axis and pretend it is. YTD +23% is not an unusual return and it's backed up by earnings growth and GDP +6.4%. Still plenty of stocks that are cheap some with single digit P/Es. Buy them if you don't want to buy high growth stocks.
 
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Nine_Ender said:
It's not parabolic at all, but idiots can post a chart with a really narrow X-axis and pretend it is...
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The chart is definitely exhibiting behavior it has never exhibited before.


Parabolas, logarithmic, whatever. You have to admit that it is "zooming north" at an increasingly-accelerated rate. That much cannot be denied. What it portends? Nobody can know.

And the X-axis must always be combined with the y-axis. That is the scary-bit. The Y.
 
Overnight said:
The chart is definitely exhibiting behavior it has never exhibited before.


Parabolas, logarithmic, whatever. You have to admit that it is "zooming north" at an increasingly-accelerated rate. That much cannot be denied. What it portends? Nobody can know.

And the X-axis must always be combined with the y-axis. That is the scary-bit. The Y.
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Am expecting a blowoff top scenario culminating around mid Sep into FOMC ~ leading to a 15 - 20% pullback. Think we go higher in the front end of the month though unless tomorrow is some ungodly down day to screw up Weekly / Monthly charts. Would change things a bit.

Then I plan to buy with both fists (more like average down - index ETFs / stocks... not index futures). Futs will give more than ample opportunity with the violent swings in both directions.
 
Relentless said:
Am expecting a blowoff top scenario culminating around mid Sep into FOMC ~ leading to a 15 - 20% pullback. Think we go higher in the front end of the month though unless tomorrow is some ungodly down day to screw up Weekly / Monthly charts.

Then I plan to buy with both fists (more like average down - index ETFs / stocks... not index futures). Futs will give more than ample opportunity with the violent swings in both directions.
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The crummy thing is...A year ago, a 20% drop in the SP was what, ~600 points?. Today it would be 900 points. Big-ass difference.
 
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