Nasdaq is on pace to set a new alltime high this week. Am I the only one who thinks this pandemic investing boom is going to crash harder than any crash we have ever seen?

There are bears here, I am one but as soon as SPX is over 3100 I lean my long term hedge long and go full bull day trading. If we somehow fakeout over 3100 ish and then drop my long stops are at 2945.

I do think the 2200-1200 spx rhetoric is gone now and if we do have another leg down this year then I'm looking at 2700-2600 area.

I was being sarcastic yes, just making fun of the permabulls here. The idea of the market is not the economy while is true is shallow, it's foolish to think that the state of the economy won't affect the market, maybe just not in the way many people think, or maybe not on the timescale people think.

Personally my bet is on a decade of stagflation, the Japanese way.

/r/investing Thread Parent