The NASDAQ composite just closed yet ANOTHER green day, which has only occurred just 3 times in history (8 if you count overlapping periods).
Historical data shows that these up-day streaks have rarely occurred following bear market periods. In fact, in each occurrence the index has been up >28% over the prior 3 years before rallying for 13+ consecutive days.
While there has been a few 13d periods where thE index has gained >+17.5%, non have occurred in this fashion with no red days in between.
Do you think this is sustainable? Will this bull rally beat the all-time record for consecutive up-days? Or is it destined to crash at any moment? Will we ever see another red days?
Let me know your thoughts!
https://www.reddit.com/gallery/1soh936
Posted by Zipski577
10 Comments
This during a war. The market is truly irrational.
Time in the market continues to beat timing the market.
Reality will set in eventually. Most people’s gains are paper gains. None are actually realized.
Manipulation
Yall think qqq hits 700 by June?
Looks super sustainable you guys
Monday will be red because I just invested. Sorry guys.
So puts? You first
Would love to see the returns 6 m and 1 y out from each of these
This is how you can tell that you are not a sophisticated investor. When you say the “market,” you are talking about the weighted SP, Dow, Nasdaq. However, many companies are still far from their record highs. NVDA, Oracle, VST, META, and so many other names have not recovered.
You also fail to account for institutional players, etc. So, when you say “the market is irrational,” what y are actually saying is, “I don’t understand.”