Year 2000 top 641 days.
Year 2007 top 639 days
Year 2018 top? just 426 days... Could be a top, or it could be a messy phase like in 2015-2016.
I have seen a lot of posts predicting stocks are going down the toilet. In the long-term they may be right, but tops take up to two years to complete, and we could be in the middle. It could be a long-drawn out process. If so, a lot of shorts will get burned.
I truly think when the shorts get tired of being burned and there are no short-squeezes to keep the market going up, the bottom does finally fall out.
Year 2007 top 639 days
Year 2018 top? just 426 days... Could be a top, or it could be a messy phase like in 2015-2016.
I have seen a lot of posts predicting stocks are going down the toilet. In the long-term they may be right, but tops take up to two years to complete, and we could be in the middle. It could be a long-drawn out process. If so, a lot of shorts will get burned.
I truly think when the shorts get tired of being burned and there are no short-squeezes to keep the market going up, the bottom does finally fall out.