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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (20180)	10/23/2017 9:50:41 AM
From: The Ox	2 Recommendations Recommended By ggersh John Pitera Read Replies (1) \| Respond to of 33421

SPY is up over 40% since the Jan/Feb 2016 lows. Hardly a blip seen for a correction or pause phase during this entire time unless you consider a few weeks of sideways as being a corrective phase!! While it's wonderful to think the market can just keep climbing higher and higher without a care in the world, I have to be concerned with a more practical view. After a few years of under performance (2014-2015) we've seen a snap back into the middle of the longer term trend. 2 years of sideways has yielded 2 years of nearly straight up. It's been VERY fun to watch the market soar and to understand that everyone with money in a 401K or other long term stock market based investment vehicles have seen a large bump in their investment's "net worth". Hard for me to see another 18 months of the same as the past 18 months. Not that it can't happen but it just hard for me to see another 30% gain without some sort of corrective phase. Sure, maybe the FED will completely change their approach but I can't use that as part of my current investment theme for the future, at least not at this stage. The concept of a one time, exponential move in the markets like no one has seen before is a fun idea. I can't help but wonder every time I start hearing "it's different this time". Yes, everyday is different, new and brings with it circumstances we've never encountered before. But when it comes to a market that can't or won't pull back because "It's different this time"...well....history teaches us that is when bells, whistles, red flags and many other indicators and warnings should be heeded. I still fall back to trade what you see, not what you want to see....but hey, that's just me!! It's certainly entertaining to consider an exponential move up in the US equities markets!!