Just because something has not happened in the last ten years, twenty years, or in our lifetime does not mean it has never happened before. How does the current extended state of the 2021 stock market compare to markets over the last forty years? Newmarket signals provide some insight.
Video length 00:29:49
Disclosure: This post contains the current opinions of the author but not necessarily those of Ciovacco Capital Management. The opinions are subject to change without notice. This article is ...
Disclosure: This post contains the current opinions of the author but not necessarily those of Ciovacco Capital Management. The opinions are subject to change without notice. This article is distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. The charts and comments are not recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations are not predictive of any future market action rather they only demonstrate the opinion of the author as to a range of possibilities going forward. All material presented herein is believed to be reliable but we cannot attest to its accuracy.
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In summary: "You can fool ALL of the people some of the time, and fool some of the people all of the time, and that is all you need". OK, a slight corruption of the famous statement, with my comment appended. And I am thinking that it is probably true, since it does not seem reasonable that all those people are dumb, but rather that they have been fooled again.
In summary: "You can fool ALL of the people some of the time, and fool some of the people all of the time, and that is all you need". OK, a slight corruption of the famous statement, with my comment appended. And I am thinking that it is probably true, since it does not seem reasonable that all those people are dumb, but rather that they have been fooled again.