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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.69+2.6%4:00 PM EST

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To: TobagoJack who wrote (153000)2/3/2020 8:15:20 PM
From: Lazarus  Read Replies (3) of 218982
 
I'm conflicted as to how to interpret market direction going forward. I had 333 as a top (temporary) for SPY and we came within a nickle.

With the coronavirus taking down the Chinese markets and this just out regarding Britain

Britain’s Productivity Decline Is the Worst in 250 Years

and the parabolic move in TSLA today, etc...

I'm seriously wondering if the "topping formation" could be akin to that of 1998 - 2000 ----> a BLOW OFF TOP COMING...

Where once again the USA is the best looking horse in the glue factory.

Unwarranted, overblown equity prices due to a perfect storm of global money looking for a yield -- not to mention all the millennials here in the US plowing $$$ into the market - whilst retirees are pruning.

I try to not get stuck in my own market view -- as I'm aware I could be totally wrong.
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