Yes it is a bit of an anomaly and I think the markets are somewhat rigged and have been for the past several years at least...rigged in favor of the bull. My trading experience is less than a decade old so the current environment is the only one I've ever really known. I've met a lot of people on ihub (used to hang out there a lot, not so much anymore) who have been around a long time saying that it didn't used to be like this--things used to be easier to predict and market moves made a bit more sense than they do now. I think some of it has to do with algos but I also think the govt has had a hand in it as well.
You are viewing a single comment's thread from:
Lately it seems like the market just has to close to the upside no matter what, meanwhile we have things like netflix with a PE of 300 -- 300 years to double your money. Something has to give.
further, on the flipside, when nixon was president as soon as any inkling of an impeachment motion hit, stocks entered a 1 year bear market -- perhaps we may observe something similar, all things considered.