I take it for what it worth: if you’re bullish you might be very cautious now. Question is not whether we’re in a bubble or not, it is more what will burst it and when. Randy is doing very well on putting things on the table. It is our call to take the risk.

Almost forgot also….
Nasdaq 6 all time high record closes in the 6 days since Randy left.

Yes, THE Tom Lee that said S&P 4800 last year when everyone was predicting down. THE Tom Lee that said S&P 5500 in June when everyone is saying the market is overbought and needs a 5% correction, and are scrambling to raise their 5000 predictions for the year.
And Bitcoin did take a dive, but it will be over $100,000 eventually.

It’s no where close to 2000, and the drop in the market will be no where close to 2000.
In 2000 a multitude of companies stocks were exploding with large debt, no revenue, and no profits. Today the exploding companies are cash rich and making more every day. Even the earnings of the lower 485 or so crap companies are up the last 3 quarters and projected to continue higher.
Someday the market will correct, but Nvidia is not going down to 100, and Apple, Meta, and Microsoft aren’t going to 50 to name a few.
Apple’s PE is 33, Microsoft’s is 38, and Meta’s is 29. Only Nvidia is in the stratosphere (at 78), but so are their earning projections.
Those companies in 2000 had PE’s of infinity with zero earnings.

5 new all time highs and in last 6 days
2.35% in the S&P in 6 days (that would be 100%/year)
It adds into the 30+% gain on the continually extended divergence since November with no end in sight…also
4.33% in the Nasdaq in 6 days
That ain’t hay.

The market has only gone up 2.2% since Randy left six trading days ago! Hardly a major move! If anything, his divergences are probably just extended. Any Bulls retiring or Bears going bankrupt on 2.2%%? LMAO!

This isn’t 2000, it’s worse, way worse! This freight train is going up on a 45 degree angle on a bridge built on stilts! 4 mega cap tech stocks to be exact! Freight trains aren’t designed to climb at 45 degrees! When it stalls, the sheer weight of the other 496 stocks in the S&P 500 will yield devastation! Simple wisdom … buy low and SELL high! Odds are these 4 pillar stocks of this “Bull” market will reach exhaustion way before the other 496 stocks values catch up! I’m also willing to stake everything I have that when the dust clears from the Middle East powder keg that’s ready to blow that Iran is clearly instigating, it will be Israel left standing. The Titanic is listing … it won’t take much more for the Bulls to start sliding off the deck! … Tom Lee, THE Tom Lee who famously predicted $100,000 Bitcoin by Christmas a few ago! Hmmmmmmm

You’re surprised…I’m not…My comment from June 7…

“Get ready for some fireworks.
When Randy goes on vacation, the market always seems to make a major move.”

Its crazy! I will be damned if Randy comes with another Sell signal using RSI and PPO divergences…

True Real Gurus always shared their real accounts with Live trades

Why are we at these levels ??? ….
The average bull market gain since 1950 is 168%
This bull market is “only” up 55% since October 2022.
The fear/greed index is at 40…in the “fear” range.
Market drops don’t normally start at that level.
Most market pundits are calling for a pullback, correction, or a crash.
(Check out you on tube…70 to 80% are in that camp)
I don’t see anyone calling for S&P 6000.
Tom Lee said S&P 5500 this month.
He’s the most accurate bull and he may be low.
When you think the market can’t go any higher, that’s when it goes higher.
The stocks that matter are making gazillions of $$$$. It isn’t a 2000 bubble.
P.S. You can move out here to South Carolina…Gas was $ 276.9/gal last week.

Good thinking if you’ve given up shorting for the near term. I’m with you on that.
Shorting in a bull market is a losers game.
But the time to start shorting may be coming soon.
It’s not about oil prices…watch the FED.
I’ve said it many times before….
Major market drops don’t occur until AFTER the FED starts lowering interest rates.
So maybe later this year if/when they cut, it may be time to think about shorting again. JMO
But that’s what history shows.
In the meantime, you can probably still make money going long…I am, for now.

check out the chart…

https://apis.mail.yahoo.com/ws/v3/mailboxes/@.id==VjN-nWqOFi0GhTQNE4WkbDgnHbvvwjvjG-bH9Oj6mlREWFhLoLieCXKFqlqa0Fmt9IgXGl2LEeEb8L4Fd0GBJs5fOA/messages/@.id==AHsoKDw4xtx3ZnBzzwpBAAkuclM/content/parts/@.id==2/thumbnail?appid=YMailNorrin

Feels like TSLA could go on one of them crazy 3-4 day TSLA runs. AAPL overbought, NVDA tired, MSFT & GOOGL boring….lets get one of them unexplainable, cult like TSLA runs!!! :)

One once said – “stubbornness is the biggest enemy to ones behaviors!”

Still being underwater two months later on that GDX swing trade.