what is wrong with the recent Nasdaq's new high?

noblehawk said:
Nasdaq is climbing back these days. but what is wrong with it? and what is wrong with those guys buying it? Do not they know that it will be long way for the transportation cost and supply chain to recover to normal? Moreover, the high inflation and energy&material cost soaring is on the way. Definitely will soar to the sky and FED will still play as the Ostrich burying head into the sands. Will give high credit to those guys buying Nasdaq now, they do have the great courage! laugh. Seems Wallstreet is always 6 months behind the date.
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Absolutely nothing wrong with it.

Earnings have been growing and there are still many value plays. Sure, some aspects of the market may be overpriced. But you can't generalize that to the rest of the market. Especially in this market. Value stocks badly underperformed growth for several years prior to Covid. So pick your stocks and moments carefully there are some great buys out there.
 
vanzandt said:
Naaa, you were right.
Watch what happens tomorrow.
Up pre-market and out of the gate, and then the drop.
The nasdaq closes lower tomorrow.
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That's most likely a given. Watch the 15509.5 level on the March NQ, because that is my entry point. We have a long way to go.
 
These days it is like a movie....you don’t reason much..

With governments doing whatever it can to provide liquidity and passing the pain to the next generation, fundamentals just go out of the window..

In the last week or so every time my system tells me to buy - I shuddered...Luckily or unluckily the system has limited intelligence...
 
GotherL said:
SPY is looking very odd on the daily. It just gaps up big everyday.
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Not any longer. My position on the MES is 4510, and the markets know this. I control this market. That is the resistance point. Buy those 4510 puts! Take it down! I don't care...What is 6 weeks between friends?
 
Inflation is running white hot at multi-decade highs, with shortages everywhere, and the Fed is still printing $120bn a month.

And here I thought the next few years might be boring...
 
Specterx said:
Inflation is running white hot at multi-decade highs, with shortages everywhere, and the Fed is still printing $120bn a month.

And here I thought the next few years might be boring...
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Tapering starts in a month. It is going to get even more exciting!
 
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