@elonmusk With all the real time data available, it's odd they would not update their benchmarks they refer to... or at the very least advise, if they are looking at other data, which ones and confirm they are real time or close to it.
@GRDecter Great point. But remember the government can print money. Yes, it will increase the debt if they do. But who's gonna try & repo the US? ๐จ
@SteveMa86041398@burrytracker Let's see if/when people spend all those cash reserves though. Sounds like, from what you posted, those car payments are a risk. Takes time for that excess cash to play out in the system, just like it takes tie for inflation to play out. And it all overlaps & affects each other.
The bear market is over.*
In modern markets, the S&P 500 has never lost ground over the following year when advancing volume was 87% or more of total volume for 2 out of 3 days coming off a 52-week low.
It has a perfect track record. **
@nextbigtrade Hey thanks for sharing. Curious, and maybe I'm reading the technicals wrong, but your chart, since 2022, is showing lower highs/lower lows = downtrend. Obviously hoping for a bounce, given the 20, but I think we still need confirmation of that break in trend.
@allstarcharts Permabears because it's easy to say, "something bad is gona happen" every day and if you are a human that understands probability you know their eventually will be right. Like the kid who cried wolf.