And, just like that we are back above the 2000 “Tech Bubble” highs in the NASDAQ:
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How many bear must we kill? I guess all of them.
Here are some notable movers on the day: CLICK HERE FOR CHARTS
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Since 2009 US Market Lows to 2015 “today”:
INDU +176%
COMPQ +306%
NDX +375%
RUT +251%
SPX +220%
Still more upside into 2015 going into 2016-2017? Does that sound o.k?
So awesome.
So seriously, at what point do you say to yourself this is beyond ridiculous to the upside? That day will come right eventually – no mate? Or based on how bullish everyone is now we just keep marching higher and the logic applied to how we got here only applies to the upside but when we are at the lows 1871 the sellers couldn’t push the market lower – that logic doesn’t work? Logic works both way I thought mate…
Why don’t you just ride the trend until it ends?
There is to much risk. Especially with Derivatives….
agree with your points. Did not think we would see these levels again. Price action only thing that pays though. Still light myself, but net long.
Thanks. There is a major inflection point here across all US indices. So the higher we go without a pull back of 5%-7%, the greater the odds we don’t just pull back but have a significant sharp and fast correction. Something along the lines of what we saw back in March 2000 – that was about 25% on the Nasdaq in just 13 trading days! But that is just speculation.
This could be the mother of all reversal of all reversals. As a comparison – something greater than the August mini flash crash! Time will tell…
it sure feels like we’ve entered the stupid phase of this 6 year bull market
but what the hell do I know
Whatever phase it is in – call it what you will. This is getting beyond crazy or actually parabloic. The S&P usually takes 12 months to move upto 10% not just 1 month. So the more unusual “price action” we see the greater the risk to the downside here is. Think about it for just 1 minute – would you want to go long after a 220% run up now LOL?