Mean Reversion

Without tech sectors as the leader the market cannot bounce since in this pandemic time it's the tech companies that make most of the profits...........

The pandemic economy, the Fed pandemic monetary policy, and thus the pandemic stock market will stay for at least another year.  The tech is the king in this environment.  If you think the NAZ price is too high, wait to see NAZ 20,000 next year .................

Edited by redfoliage2, 04 September 2020 - 11:33 AM.

The pandemic economy, the Fed pandemic monetary policy, and thus the pandemic stock market will stay for at least another year.  The tech is the king in this environment.  If you think the NAZ price is too high, wait to see NAZ 20,000 next year .................

 

The pandemic economy, the Fed pandemic monetary policy, and thus the pandemic stock market will stay for at least another year.  The tech is the king in this environment.  If you think the NAZ price is too high, wait to see NAZ 20,000 next year .................

What's the low between now and then?

 

It's hard to say what will be the low between now and then.  But it looks that this pullback is of ST technical reasons coupled with the Labor Day long weekend "event".  On the fundamental side the boss of the market has not changed its monetary policy and plenty of liquidity around,  the market should continue to make new highs..............

Edited by redfoliage2, 04 September 2020 - 01:10 PM.

ST bottom was in today ....................