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generally higher highs and higher lows . but of course the big question is just how long will we have to wait if we fall from here to see new highs again.
Some people prefer walking and keeping their money in their pocket as opposed to paying the fare and getting on the bus. I guess both types get to where they want to go but it takes the walker longer to get there. Bus travelers pay their fare and go along for the ride, while walkers hold their money tight, and do all the leg work. I guess this could be said about the different type of investors.
How much is the S&P above its 2000 high is a better question. And could making money on the stock market be any easier with governments around the world "printing" money?
How much is the S&P above its 2000 high is a better question. And could making money on the stock market be any easier with governments around the world "printing" money?
It is 35% above its March 2000 high, which was as irrationally exuberant as the stock market ever gets.
How much is the S&P above its 2000 high is a better question. And could making money on the stock market be any easier with governments around the world "printing" money?
Why would that matter? Smart money follows where there is money to be made. Right now, your only option is in the stock market. If 5 year from now banks are paying 10% interest, than that's where you should put your money. Too many people get hung up in their own stubbornness and it ends up costing them money. Just look through this thread, the people who were saying the market is over-valued, this thing is going to crash down etc are still making excuses instead of just admitting they were wrong and acting accordingly. It goes from over-valuation to the Fed to Obama to swim flu etc. Oh well, it's not my money.
Anchoring expectations based on a high point or a low point is a fool's game. People stay bearish until the 2000 high is exceeded and keep claiming that the market is in a "secular" bear market. There were major market indices that exceeded the 2000 high well before the 2008 collapse. The same was true in the 70s so-called secular bear market.
Below you may see High-Low Range Charts of the S&P 500 index from September until now. Basically these range charts are showing where the S&P 500 stocks are or were traded in relation to their 52-week highs and lows. It is just interesting to see how the stocks were moving away from their 52-week highs during the correction in October 2014.
Today we had highest number of the S&P 500 stocks traded close to their 52-week highs over the past 3 months. On the other hand, the number of the S&P 500 stocks traded close to their 52-week lows moved up as well and is the highest since October 10, 2014
And just like that, the broad market index is within striking distance of that Dec. 5 all-time closing high of 2,075...
I'm certain we will see a new high in the S&P 500 relatively soon, within a month or so, maybe even in one or two days. I have a feeling tomorrow will trade up to near highs, followed by some profit taking. It will to a little dance, only to work its way higher in the coming days or weeks.
I'm certain we will see a new high in the S&P 500 relatively soon, within a month or so,...... It will to a little dance, only to work its way higher in the coming days or weeks.
Yep, I agree.
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