S&P500 futures are up .33% to start the week. Nasdaq 100 futures are up almost 1%. The tech collapse of two Fridays ago is in the rear view mirror, but it's left some cracks in the road ahead.
Tag Archives: thoughts
Friday Focus: Running Out of Excuses to Sell
This morning S&P500 futures traded to a new all time record high. Since the dawn of man, every single call for a market top was wrong. All those negative blog posts, tweets, headlines, news articles telling you to sell your holdings.... wrong, wrong, wrong. What's truly more stunning is the daily fear mongering that persists. It doesn't take long to find an article, a tweet, a headline, that says the stock market is overvalued and is about to come crashing down.
Morning Perspective
Make It Go Away
On Tuesday the Nasdaq hit a new all time high. Just one day later the bull market ended. It's over folks. It's time to pack up and head home. Yesterdays 2% decline was the final nail in the coffin. That giant 'Final Wave'???? ....... it's here, grab your boogie boards.
Just like the Trump drama is tremendous for the News networks, stock market declines are like car wrecks on the highway, everyone has to stop and look. When the markets flashed crashed , every news truck north of the Great Wall of Mexico was down at Wall Street covering the 'chaos'. On Tuesday with the Nasdaq at all time highs and not a news truck to be found. Go figure.