It has been party time for bulls since the April bottom. Be careful if you venture off to Big Town to party since you will end up begging your honey to take you back like Roy found out. One way to verify the bullish joy is seeing the SPX make higher highs in price as the VIX sinks to lower lows. The party was in full swing through August but September is a different animal so far.
The stock market is in orgy mode catapulting to the moon tagging the all-time record high at SPX 6600 on Friday with everybody and his bro throwing money at any stock with a heartbeat. Everything may come to a big climax on Wednesday afternoon with the Fed rate decision and Chairman Powell presser.
If it is a joy fest after Pope Powell flaps his dovish wings, watch the VX to see if it prints a lower low than late August (a 13-handle and then a 12-handle), or not. People are starting to look around and realize that everyone is a bull and there may be no one to sell to once the stock market begins dropping. It may be a historic week ahead.
Zager and Evans can tell the future. In the Year 2525, er 2025, everything you think, do and say, is in the pill you took today. You'll pick your sons, daughters too, from the bottom of a long glass tube. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added Saturday, 10/11/25: A mini-Black Friday occurs yesterday after King Donnie threatens tariffs on China in retaliation for restrictions on rare earth minerals. The SPX all-time record high is 6764.58 on Thursday, 10/11/25 and all-time closing high is 6753.72 on Wednesday, 10/8/25. The SPX drops to 6553 starting to receive the neggie d slapdown.
Note Added Thursday Evening, 11/20/25: The broad stock market sells off for a few days and takes the pipe today with the SPX dropping down to 6538.
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