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This market is just stupid...


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This market is just stupid...

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  #1 (permalink)
Chicago
 
 
Posts: 143 since Jan 2015
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Who is buying at these levels? This market is just a bigger version of Bitcoin and when this bursts, it is not going to be pretty. This is simply stupid.

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  #3 (permalink)
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edward40 View Post
Who is buying at these levels? This market is just a bigger version of Bitcoin and when this bursts, it is not going to be pretty. This is simply stupid.

This is a great opportunity to tell us how you plan on profiting of this"stupidness". Do you already have plan?

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  #4 (permalink)
the coin hunter
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what the fork says?

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  #5 (permalink)
Daytona beach Florida
 
 
Posts: 84 since Jun 2017
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Do you mean it’s stupid as in “euphoric” stupid or just plain wrong stupid?
Because euphoria implies that people’s realities about the markets valuations are skewed. And eventually this skewed reality will come back into balance(the market will find a level that holds a bid). Now in the case that everyone is just plain wrong stupid, that implies that all forward looking expectations on earnings and economic growth are wrong. And in that case some external event is likely to come forth during the markets correction(ie China finally reporting negative economic growth), further deepening the sell off.

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  #6 (permalink)
Chicago
 
 
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edward40 View Post
Who is buying at these levels? This market is just a bigger version of Bitcoin and when this bursts, it is not going to be pretty. This is simply stupid.

Looks like I was right, picked the exact top.

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  #7 (permalink)
Dallas, Texas
 
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edward40 View Post
Looks like I was right, picked the exact top.

Until tomorrow, or Friday or pick any day of the week. You're joking right?

Volatility is good for the market and trading.

Preservation of capital is the most important concept for those who want to stay in the trading game for the long haul. - Van Tharp
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  #8 (permalink)
Pittsburgh, Pennsylvania
 
 
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blb014 View Post
Until tomorrow, or Friday or pick any day of the week. You're joking right?

I tend to agree with the OP. Bitcoin's and the market's charts are surprisingly similar...

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  #9 (permalink)
Leipzi Germany
 
 
Posts: 18 since Dec 2011
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giving the same setups and PA just bigger bars and faster moves
trade the SPY or CFD for less risk

https://plus.google.com/u/0/collection/EK_yfB

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