that’s extraordinarily false observation. novo nodisk market cap last year was greater than its home country denmark, now more than halved.
Its hitting 602-603 (QQQ) by first week of September. 99% chance. I don't need to waste time fighting for pennies. By when it dips. All the shakeouts like last Friday are fake. There is no red happening the rest of the month. 1 or 2 days next week of fake red/flat. This is a call. Be long. I already am very long. I will look to take profit as we head to my target or around Labor day. There truly is zero risk. I feel bad and I hate to be repetitive and post in this thread, but it's necessary to do here.
You agreed to leave this thread before ... Are such a little baby that you can't follow simple instructions? You go spread your bullshit somewhere else, no-one wants you here.
One of the best explanations I’ve read . But that’s the past . We know something always comes along and disproves what appears so easy and automatic. The only thing is we never know when that happens . I’m sure 100’s of thousands if hard core shorts got wiped out the last 4 thinking this was that time . One thing can’t be denied when you have that once every 5 to 10 yr down 35% plus you must buy and hold .US survival and the future is based on asset prices rising no matter what the consequences of inflation or hyper inflation . Whole generations have now been brought up with a rising mkt . It literally controls all thinking, spending and feelings . I’d call it as important as national security .
Interesting article. I made a thread about the same thing a few years back now: The shift from Active to Passive Investment - How does it affect market valuations? | Elite Trader These days there seems to always be a steady stream of dumb money flowing into the markets. I would guess a large amount of this dumb money plans to hold for a long time and have no ambition trying to time the market. It's basically dollar cost averaging the SP index for eternity and I think this must be a big explanation of why it's so hard to keep US indices down. As can be seen recently, it's not that hard to bring indices down. But keeping them down? That seems impossible. New investors ain't easily scared as there's never been a prolonged period of poor market returns in recent history. They all know it's going back up sooner than later.
Yes, actually I was thinking of you when I read that article and how you often refer to the flow of passive index buyers (and the Norwegian Fund ). You were clearly on to something, so prescient! I wouldn't say it's "dumb money" though, imho it's more like "content money", they're trading in the chance of hitting it out of the park today in exchange for doubling their money every few years; and the cost-averaging (on a broad index, not on a single stock - which would risk bankruptcy) allows them to swing with maximum size/exposure. Now imagine the same strategy buying a modest amount of a x2 leveraged SP/NQ ETF every month and adding big on large dips. If I was in my 20's (or early 30's) that's why I would do (with the benefit of hindsight, etc.). But I'm an old man and I just want to retire as early as possible, so... By they way, I asked my new AI Overlord what the returns would be over the last 10 and 20 years, here are the prompts I used in case you want to try something similar: How much money would I have if I have today 8 August 2025 if 10 years ago I had invested 100,000 USD in a x2 leveraged Nasdaq 100 ETF What if I had invested the same 100,000 in the same ETF 20 years ago The short answer was 1.4 million USD (x14) over the last 10 years and 12.5 million USD (over the last 19 years, since 20 years ago no x2 ETF existed). Keep in mind 1) this is using an index, almost no risk of bankruptcy and 2) this is with just an initial investment, no add-ons. As I've said before, sometimes I wish I was (a bit) greedier and dumber Make hay while the sun is shining!
Thats the key right there . No investor since the 1970's has ever been tested . We've never stayed down for a long period of time so few ever sell . Nobody's ever been tested on their conviction to own stocks . It's in the brain of every investor if " you hold" you can never lose . No investors believes you can ever have a Japan type outcome . There's 10 times more " fast money " day traders today than the mania of the 90's. Obviously fundamentals have meant little for a long long time . One day and nobody knows when investors will be tested . Rates went from 0 to 5% and p/e's one of the highest in history . Hell I remember 4 short months ago Stevie cohen and Jeffrey gundlack the bond king said this after we bounced from 4850 to 5200 . Both said we go down to 4200-4500. Complacency is crazy high right now so we'll see what the rest of yr brings