greatest april fools
“Greatest april fools ever !” comes a stern male voices from the round table. Yes, as they spring round the table, enticing themselves in fine wine and caviar. These guys have just pulled the greatest April fools joke ever on us. This one is a beauty!!! Planned out meticulously and tricked us all. But are we laughing!!! I DONT THINK SO!!!
Have a look at the chart below. We have just been witness to one of the biggest rallies on the stockmarket in US history. But how did this occur. Was this really just the greatest april fools joke ever ???
To see a government just print money off, save failing banks, and throw what they had left over into the global markets is one of the greatest april fools joke ever, but just in slow motion. Can the market go higher? Well in my humble opinion….how long is a piece of string? meaning there seems to be no limit to how much money just gets pumped in through the markets each week. Have a look at the chart below.
Based on data going back 90 years, whenever the 12-month rate of change (ROC) in the Dow Jones Industrials Average has exceeded 40 percent, it has generally signaled trouble ahead.
In three cases, a 12-month ROC above that level has only marked a short-term pause, after which the market traded higher.
But on 11 other occasions, similarly rapid advances have been followed by notable corrections, including the collapses that followed the 1929 and dot-com era peaks, as well as the 1987 crash.
Given those odds, people very bullish about the markets might stop to think to themselves they also have been suckered into the greatest april fools joke ever. Both the bulls and bears are a little nervous here and sometimes that can be the warning sign for a bigger event to come about. With that being said, there sure is weird feeling in the air.
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