in stock market history, it never made straight passthrough after making 2 lower lows in 2002, 2009. It has pending fibonaccie pullback to 20-40% pullback. I am looking for bigger decline than that. It's over baby boomers are away from pumping.
I made 738% trading in the year 1999. I remember it very well as the best year ever for me. Sold out in Oct. 1999. Stocks moved 3-4% swings. Bought every 2-3% dip and sold every 3-5% rip.
Today, there are rarely dips beyond 3%. only UPSIDE.
Except that during 1999 the economy was actually booming... can you even imagine at this rate, what the S&P would be at if we had to wait for the actual economy to start booming? My guess would be at 2400, minimum.
You figure by s&p 2400, word will be out that all of these broke, unemployed kibbles out there have become millionaires just from the stock market, Maria will have replaced "we are off the lows" with "come on baby, bring it home to mama"... and every last muppet will be falling over himself to get in.
Hopefully, the bottom falls out well before then because if the bubble gets to be THAT big, there will be zero chance this market or the country as a whole will ever survive after it bursts.