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2,958.8 standard & poor's 500

Yes,, all on the back of NVIDA results ..just how long with this...

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Sharetrader78

12,486 Posts.

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22/02/24

13:26

Post #: 72536311
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Originally posted by Tarvold: ↑

Predicting interest rate movements is a fool"s erand.
If you think you know better than the whole of Wall Street then either you're incredibly smart or a fool.

If you look at any of the predictions made at the start of each year you'll find
a) that they vary massively from broker to broker
& therefore b) 90% turn out to be wrong.

This is why basing your investments on predicting macro trends will never make you rich unless you get incredibly lucky.
It's where the phrase ' trade the market you have not the market you want' comes from.

And the final comment I'd make is that it doesn't make any difference if you're right about the outcome if you get the timing wrong.
Hence the graph I posted earlier today about the GFC correction.

So carry on with your SNAS position if you like but I don't like your chances of making any money.
NASDAQ continuous contract is now up 1.4%.

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Yes,, all on the back of NVIDA results ..just how long with this "sugar hit" last that's going to be very interesting .. what I see over the next couple of weeks will define what I do with my SNAS position ..

This isn't the start of a BULL trend in a healthy Global Financial market ..

this is a 14-month-old Bull trend getting very tired ..with a Global Recession spreading across the DEBT-laden world..

Value at posting: 2,958.8
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