Interesting chart however when I look it I see it differently. To me it just looks like there's no real indication that the money should be going into stocks and its a little hard to read Darris's chart,,, to lengthy but seems to support an up trend. Reminds me of when I pointed out da chiefs chart that seemed to indicate there were more sharp declines before any rallies! I was right as the market fell over -20% after that lol!!
S&P/M2
#11
Posted 02 June 2020 - 07:46 AM
#12
Posted 02 June 2020 - 08:36 AM
No one is addressing the elephant in the room. Money can't "go into" stocks. Money goes from the buyer's cash account to the seller's cash account. Was the money "on the sidelines" before the transaction or after the transaction? Hint: it's a trick question.
#13
Posted 02 June 2020 - 10:13 AM
Here is the same chart with the indicator smoothed as if it were a monthly value. SPX data still daily.
#14
Posted 02 June 2020 - 10:18 AM
Here is the same chart with the indicator smoothed as if it were a monthly value. SPX data still daily.
It sure appears to be a major bottom.
But does not mean we can' have a nasty drop after that big ramp, before continuing higher longer term.
If we do get one, history suggests buying hand over fist with borrowed money would be the correct strategy!
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#15
Posted 02 June 2020 - 11:16 AM
Here is the same chart with the indicator smoothed as if it were a monthly value. SPX data still daily.
It sure appears to be a major bottom.
But does not mean we can' have a nasty drop after that big ramp, before continuing higher longer term.
If we do get one, history suggests buying hand over fist with borrowed money would be the correct strategy!
I just saw an Ad yesterday from some broker touting less than 2% interest rate to borrow on margin!
#16
Posted 02 June 2020 - 11:25 AM
Big difference between rates for Pro acct vs retail acct, but still generally low.