Take advantage of the melt-up to ditch any remaining longs. The hubris in the stock market and rampant fearlessness must be disciplined. What do you think? A Black Monday? Black Tuesday? The SPX all-time record high is 6128 and price today tags the 6116 palindrome forming a double-top. Fun times. Eve of Destruction.
If you do not get out of the stock market, you deserve everything that is about to happen to you. Do not wear your favorite shirt, because you are about to lose it. 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 Friday Afternoon, 1/31/25, at 3:42 PM EST: Did you get out? Let the blood and carnage begin on Wall and Broad. The SPX peaks at the HOD at 6121 almost up to the all-time high at 6128, and then falls on its sword down to 6031 a 90-point intraday collapse. Look at the rats scurry. There is no place to hide now. It is time to receive your head on a platter. Stocks should drop a long way from here. Monday will depend on the Donnie tariffs against Mexico, Canada and communist China. Pachelbel's Canon in D is fantastic as the knives are out and the harvesting begins. It is time to pay for your greed.
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