Quote:
Originally Posted by macker
No big deal. We are 7 months into a mega bull market and bull markets usually last 5-7 years. Most people are still scared to get in but if you look at the technicals of the market they don't get much better. Since the bottom in March every decline has been a buying opportunity. There are a lot of things going for the market overall. You have massive stimulus, companies beating earnings, strong technicals and now you are getting economic activity. 70% of S&P companies have beaten earnings estimates on the most recent earnings. Last year you didn't want to go long the market and this year you don't want to short the market. The US GDP jumped to 3.5% and climbed at the fastest pace in 2 years. The tailwind behind the market is as good as it gets. I am not ignoring the fact that the US is running a deficit to GDP of 10% or that the global reserve currency will likely change in the next 5 years. Gold will do well in this environment and commodities are valued in US currency and it is going down so commodities are going up. Look at copper which broke through $3 yesterday. I am not sure if you are trading or investing but if you are trading the VIX will tell you this isn't the best trading environment. http://ca.finance.yahoo.com/q/bc?s=%...l=on&z=m&q=l&c= |
I take it you trade via technical analysis or both? I have not traded commodities in months now, should have since gold hit an all time high. I am still an amature trader. I have not followed the VIX, heard about it, and should look into it. I always thought , if I managed to make money in the last 10 months, imagine what I could do when the bull market
shows its face. I have A LOT of learning to do.