The mother of all tops is in.
We have no recovered from the mother of all tops (across all indexes) in less than 24 days and less than 15 trading days.
You lose. Again.
Don't jinx us! we are not back at the top yet!
I recall reading a post (this thread?) saying market would be back to top by Feb 22nd, I can't seem to find it anymore. Anyway, close but not yet.
What did I say about jinxing? Called it! I am greatpariahprophet #1! 40%! so smrt!
I'm confused. You think the jinx is in because today the market gave back half of yesterday's gains? We're still up compared to two days ago, and ten days ago, and three weeks ago. I'm not seeing the problem here.
In fact, I'm not even sure the February "correction"should really count at all. Yes, it technically dropped 10% from the peak, but that peak came after a 10% run up the previous month, the recovery was sharply V shaped, and now we're right back on the steady upward trend of the last two years, which have been incredible. Right now, February just looks like random noise in the growth chart.