So much for that awful January for stocks, huh?
The S&P 500 set a new record, while the Dow closed above 18,000 for the first time this year. The Dow is now tantalizingly close to a new all-time high. Even the Nasdaq is approaching the 5,000 mark -- a record it hasn't reached since March 2000.
Starting points are established where a market bottoms out and that was 2009 and then the rise started. This is know as the QE boom. The one where they printed money to get the market up.The previous one was the housing bubble and previous to that was the dot.com bubble. We are headed for another crash. It's just a matter of time.
Like I said the banks and large institutions are setting the market up for the big plunge. They just need to sucker all the novice investors by showing that everything is doing great then dump the stocks. That way they can buy it real cheap from those who get caught in the collapse. This has happened throughout the history of the market. The market rally has been ongoing due to the phony money that has been printed by the federal reserve. I wonder what they are going to do when things tank and interest rates are already at zero.