SPY Will Put New Highs as Long as the $USD Puts New Lows

Benjamin Cowen Shared: SPY putting in new highs today. All the bears were wrong. Again.

Community Response:  Crypto is lagging hugely? 19K down from ATH. No risk appetite in the market currently?

You mean Bitcoin is lagging some large cap alts putting new ATH’s.

The $SPY will put new highs as long as the $USD puts new lows.  Your presumption is a very “one point of view.”

When are the bears going to accept that the market is rigged to go up? Almost no point in shorting because if you are right, it means the end of the US as we know it.

We go higher in Jan in SPY in 2022, then a 10 to 15 (max) correction from Feb to June (midterm election years always bad Q1 & Q2) & we finish the year 10% higher than we end 2021! Crypto & Alts rally H2. 2022!

It’s possible. But I think the technical are screaming sell here. I also think the correction will be massive. I won’t quibble over making a few percent to the upside when the down side is substantial ATM.

You have far more experience than I do and I value your opinion tremendously.  I know risk and reward is lousy in stocks, but I think the stock market keeping afloat gives alts a fighting chance.  I think u are 110% right on the stock market, but it just extends a bitcoin 2023 IMO.

But APompliano said it is because market has been manipulated, regardless, he is still profiting from the opportunity, what do you think?  Yes, all the bears were wrong.

What do you think what will happen when stocks start consolidating? My guess is BTC back to 40k.

And Bitcoin is doing nothing, but sitting looking pretty.

It is the Santa Claus Rally which has only failed to happen 6 times since the 90s. Since 1950, the Santa Claus Rally period has produced a positive return for the S&P 500 78.9% of the time. Also, this sets us up for a positive January historically. Buckle up for the volatile ride!

Bears are patient not like Bulls.  Stock market bears have predicted 15 out of the last 3 recessions.  About 80% of the stocks within the spy are down over 70%. I’m no bear. Data says bear market since February.

He gets paid so much and he doesn’t give out trading advice, constantly shouting “up a modest 15%” but not realizing the gain. So, a bunch of holders are paying him so he could tell them to DCA and don’t fear because we are early.

Until it goes down soon enough.  Bears don’t realize a couple of rate hikes isn’t enough to crash everything.

Yeah well. Crypto is dumping massively again. So, I would not see how this is bullish in any way? Crypto is supposed to pump harder when stocks pump, since it also dumps way harder when stocks dump. But now stocks are pumping while crypto is dumping.

Yes. However, record number of growth tech stocks are hitting ATL or near ATL. See ARKK for example. It’s a broken market.

And post war, Austria people could only gamble on the stock market as a source of an ever more worthless currency.

Wait, are you talking about this coin? If I’m right, it’s really don’t worth my USDT. Looks like some sort of shit coin.

SPY will keep going higher as long as they keep pumping freshly printed USD by the trillions. And then, Venezuela stock exchange… Index mooning, purchasing power tanking to all-time lows. It will happen. Don’t know when exactly.

Given the history of the stock market over the last 100 years, they are almost always wrong.

Yeah, but the price action on ETH & BTC is not impulsive. You guys are the “experts” and I hope you are right, but the price action on BTC & ETH is very corrective. We need some strong daily GREEN CANDLES soon!