Terrific Tuesday – Futures Blast Market To New Highs – Just Because

Dow 26,000?  Really???

Notice the Clinton Rally lasted 4,494 days and was much, much bigger (582%) than our rally (301%) and yes, it was pure lunacy at the end of the dot.com boom but this is the no tax boom and crypto-idiocy boom and 2,000 lie boom – all rolled into one. Sure, in a few years, we'll look back at this rally and say “What were those idiots thinking?” and we'll forget “those idiots” were us and yes, I'm including myself because, despite warning you to be cautious, we put 20% of our CASH!!! back to work this month in our new Member Portfolios.

FOMO (Fear of Missing Out) is what drives the markets and, if we are on the way to a Clintonesque 100% additional gain from here (Dow 50,000?), then we'd feel like real idiots missing out on that rally, even if there is “no inflation” – according to the Fed. As you can see from the Relative Strength Indicator – since 1960, we have never been this “strong” in the market and forget the fact that all those peaks ended in disaster – just MAGA!  

Print Friendly, PDF & Email
No tags for this post.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *