and shorts are winning here! congrats!
However did you get weeks & years backwards?
2 years ago SPX was around 1290. A few weeks ago in Oct 2007 it was at all time high
around 1555. 5+ years ago it was under 800.
So, we have had 5 years of bull market followed by a few weeks of bear?
What am I missing here?
If this is a genuine all leather bear market, it should retrace atleast 50% of the
last bull market move from 775 to 1555 which translates into SPX 1165 aprox.
Otherwise it is just a correction in a long term bull market. Only time will tell.
When we get down 20+% CNBS will tell us we're in a bear mtk. Thats when we'll spend the next few months ralling. I don't play the bull or bear mkt game. And I'm only competeing against myself to be the best trader i can be. AND for me if stocks or indices are below their 200day averages then i play them bear.