Posted by DigiNomad on 17th of Jun 2024 at 10:12 am
Forget something? Most charts like this these days come with a
comparison to one of the epic bubbles in the last 25 years to
support the idea we can go much much higher without any pullbacks
because market lessons do not get learned, you must embrace the
bubble inevitability, and we're not as bad yet as back then.
Posted by DigiNomad on 17th of Jun 2024 at 10:53 am
I was just joking. Emoji might have helped but I was on my phone
It is true that most TA content I watch on YouTube these days
is coming with an analysis of where we're at relative to previous
bubble periods and why that means we might just be getting started.
No mention of how many lives get destroyed by these bubbles each
time they form, of course.
I don't know if you recall, but I harped on and on during the
last recent leg up about the record amount of time it was since the
SPX weekly had hit the 21 EMA. By the time the new record stopped
adding weeks, it was something like 50% greater than the previous
record. It is different this time - we've never had money printing
/ currency dilution at this level. Not close. So the record setting
runs in asset price inflation are simply reflecting the situation
with leadership taking money out of our savings via printing to
enrich the companies and countries of their choosing (Ukraine,
NVDA, GOOG, ADBE, etc).
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Forget something? Most charts like
SP 500 MA Spread
Posted by DigiNomad on 17th of Jun 2024 at 10:12 am
Forget something? Most charts like this these days come with a comparison to one of the epic bubbles in the last 25 years to support the idea we can go much much higher without any pullbacks because market lessons do not get learned, you must embrace the bubble inevitability, and we're not as bad yet as back then.
its simply a 12mo chart,
Posted by kingpin15 on 17th of Jun 2024 at 10:38 am
its simply a 12mo chart, not comparing to history.
I was just joking. Emoji
Posted by DigiNomad on 17th of Jun 2024 at 10:53 am
I was just joking. Emoji might have helped but I was on my phone
It is true that most TA content I watch on YouTube these days is coming with an analysis of where we're at relative to previous bubble periods and why that means we might just be getting started. No mention of how many lives get destroyed by these bubbles each time they form, of course.
I don't know if you recall, but I harped on and on during the last recent leg up about the record amount of time it was since the SPX weekly had hit the 21 EMA. By the time the new record stopped adding weeks, it was something like 50% greater than the previous record. It is different this time - we've never had money printing / currency dilution at this level. Not close. So the record setting runs in asset price inflation are simply reflecting the situation with leadership taking money out of our savings via printing to enrich the companies and countries of their choosing (Ukraine, NVDA, GOOG, ADBE, etc).