Why the Bulls are still around?

Biggest market movers coming up


New Stimulus bill gets delayed
No extension of enhanced unemployment benefits
Covid 19 cases start to tick higher
States reopen and close again after 2nd wave
Trade deals with China
And last but not least the election
If trump loses markets collapse.

So alot to digest however the fed has already contributed nearly half of the US gdp to our broken system in the last 3 months and thats the ONLY reason why equities are catapulting off March lows. Once again if it were not for the fed the dow would be sitting clean under 10,000!!!
 
Didn't I just say we're going even higher? So just add additional exposure on the dip. Take some off on the rallies. Be water, my friend!

Overnight said:
There is no more dip in the NQ. You missed it, we are back to ATH. Have fun storming the castle!
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The “bulls” are just millions of millennials who don’t even understand the word “bull”. They just need a place to park their money. They now trade with 10x more money than Ray Dalio’s hedge fund that doesn’t trade as often. So even if 10 large hedge funds closed tomorrow and sold everything, they couldn’t offset the power of millennial traders and investors, in addition to the Fed. There is no one right now that has the power to move the markets down. (or so it seems)

here is just one article of many on the topic:
https://finance.yahoo.com/amphtml/news/bored-millennials-boost-airline-etf-163142949.html
 
I agree -- this bull run has at least in part been fueled by millions of people working from home with their brokerage accounts open buying into a market with no commissions!

guru said:
The “bulls” are just millions of millennials who don’t even understand the word “bull”. They just need a place to park their money. They now trade with 10x more money than Ray Dalio’s hedge fund that doesn’t trade as often. So even if 10 large hedge funds closed tomorrow and sold everything, they couldn’t offset the power of millennial traders and investors, in addition to the Fed. There is no one right now that has the power to move the markets down. (or so it seems)

here is just one article of many on the topic:
https://finance.yahoo.com/amphtml/news/bored-millennials-boost-airline-etf-163142949.html
More...
 
people are still being paid in cash for their covid 19 benefits

and FED announced interest rates of 0% on march 23 if you did not know that . dividend in the QQQ is .74%/year and fed pays nothing for cash and even negative interest rates.

lots of fake cash aka as IOU issued by the fed. and no reason to sell stocks for cash as cash pays 0% and if you buy bonds it's premium now.and too expensive for bonds

high stock price, and 0 interest rate is a fundamental divergence

it is an indicator that something is WRONG with the economy.
 
formikatrading said:
The most bullish thing a market can do is go up in the face of doubt, negative headlines and bearish sentiment.
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A very wise statement.

This type of behavior is also something to look for when lets say a company releases bad news after already being in a major down trend, but it doesn't lead to more selling. This can likely mean the bottom is in because everyone who was going to sell already has. So when it can no longer go down, it should go up.
 
S2007S said:
the fed has already contributed nearly half of the US gdp to our broken system in the last 3 months and thats the ONLY reason why equities are catapulting off March lows. Once again if it were not for the fed the dow would be sitting clean under 10,000!!!
More...
“If not for the Fed”
Agree 100%.
But the Fed isn’t going anywhere.
They already created trillions to prop up the house of cards, and they will keep doing it until it no longer works.
 
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