We have topped!
- Thread starter TopHat
- Start date
Since we're into chart posting, here's SPX quarterly, where's the indication of a top? Last year there were clear technical signs of a potential reversal, what happened? Nothing. So before you state the problems of this world & how it's about to end take a good hard look at this chart, you are staring in the face of a mega inflation trend. Correction shmeaction whatever, I get this point, where is the bear market? Nowhere to be found.
What I am saying is that as far as I am concerned it's still more prudent to buy dips, rather than position for a bear market by selling your stock portfolio. The Street hires economists to feed public (schmucks to them) with useless drivel about end of the world.
Since we're into chart posting, here's SPX quarterly, where's the indication of a top? Last year there were clear technical signs of a potential reversal, what happened? Nothing. So before you state the problems of this world & how it's about to end take a good hard look at this chart, you are staring in the face of a mega inflation trend. Correction shmeaction whatever, I get this point, where is the bear market? Nowhere to be found.
I forget but wasn't there an argument that outside years are down?
Since we're into chart posting, here's SPX quarterly, where's the indication of a top? Last year there were clear technical signs of a potential reversal, what happened? Nothing. So before you state the problems of this world & how it's about to end take a good hard look at this chart, you are staring in the face of a mega inflation trend. Correction shmeaction whatever, I get this point, where is the bear market? Nowhere to be found.
Nothing but fed in that rally!!!!
UWM UP
14 days in a row!!!!!!!
As soon as it opened down it reversed straight upwards....semis opened down as well and turned up immediately.
Last edited:
Oh and just yesterday I had a friend of mine who doesn't know anything about stocks...knows nothing about wallstreet never invested a dime in the stock market in his entire life came to me and said I saw the Dow at 19000 and I want to put $5000 into stocks....said he wanted me to recommend a broker....
Hahahaha
Hahahaha
And? There has been someone screaming that since 2009. Someone on this site actually.
You can argue the economic virtues (or lack of) all you like, but a rally is a rally. For people that actually trade. That rally may change today, tomorrow or next week or never. But to cry for a top in the midst of a rally is questionable at best. To point to a market run and argue weather it should have happened is worse.
Yes mister, 14 days up. I think this is a record, I remembered in August '11, some indexes were down 14 days in a row, before a big rebound, but 14 days up? Does someone can tell if an index was up more than 14 days? Maybe the Nasdaq ? I am curious.
CM
Like I tell my daughter, you only get what you want when you stop screaming.,