S&P 500 4% Rally Days Since 2000: Question of the Day

The Question of the Day: Is Today more like 2000 and 2007, or 2002 and 2009?

A tip of the hat goes to Matt Thompson, CFA for this tweet.

Question of the Day

Choice 1: Today is more like 2000 or 2007

Choice 2: Today is more like 2002 or 2009

Choice 3: Neither. The markets will be range-bound for many years

Poll

Mike "Mish" Shedlock

Comments (9)
No. 1-9
strataland
strataland

Choice 1

Curious-Cat
Curious-Cat

Looked at the results of your poll - WOW!

Six000mileyear
Six000mileyear

I favor Choice 1. The 3.5 and 8 year cycle tops are presently more aligned with those in Choice 1. In Choice 2, those cycles were bottoming. It's too early for range bound trading. When the 3.5 year cycle bottoms and turns up in 3Q19, it will be somewhat offset by the falling 8 year cycle.

Mike Mish Shedlock
Mike Mish Shedlock

Editor

I agree with Curious cat. Wow. I posted this originally without option 3. But a minute later added neither. That's what went into the Twitter Poll. I will do a writeup on this after 24 hour polling period is over.

Mike Mish Shedlock
Mike Mish Shedlock

Editor

Excellent comments by six000mileyear

2banana
2banana

Bears and short traders will be taken out and shot.

Those who "buy the dip" will be taken out and shot.

That is the market today.

AWC
AWC

I'll take door number three. TPTB will do everything in their "power" to keep this zombie going.

thimk
thimk

I'll take door number three, a lot more liquidity out there then previous. the yen and the euro are chasing dollars.

MorrisWR
MorrisWR

Too simplistic. I trade long and short (mostly options) and rangebound is meaningless without a defined range. Trends are defined by your time horizon or a trades time duration.