You're referring to the prez cycle. That's different. This is an election year. Election years are typically very good in the end and magically right around that Oct timeframe.
I wonder why.
But here's a conspiracy theory for you --- why the removal of the uptick rule a year before an election and 5 or so years into a bull market and 70 something years after it's been in play?
Think hard...
Again, just conspiracy chatter out there -- but here it goes - the idea is that this country desperately needs at least one of the 3 major asset classes 'working' at any given time with at least two of them (real estate and stocks) rising forever over the long run. Why? Because that's where everyone's wealth is created. Without them, this country is dead in the water. Face it, most people don't make enough money working to pay for anything. The big money for retirement comes from investments. And since Social Security is gonna run dry due to too many living longer than the program was designed for back then, this country REALLY needs an alternate source of income for folks.
You just can't raise taxes all the time.
So, you basically need Wall Street working for you here. But 'they've' been bidding up the market now since 2003. Now it's time to allow them to get some quick money in their pockets before jaming the market up again. How? Let them short the holy hell out of the market before it collapses. The removal of the uptick rule is required for that because they play with too much money. The timing is perfect. The rule gets removed in June, then less than 5 months later they pull the bid in the market after setting up major short positions. How do you know? Because the commercial 'commitment of traders' was running at records SHORT. Those are not the guys that lose money gambling. They move the market. The only problem is that that statistic being public just tells you what they're doing, not telling you what will happen and when.
Well, here we are now. The market needs some juice and with record cash on the sidelines, it does seem poised to move up big. Richard Band is out calling for DOW 16k within 12 months. He's been fairly good overall. We'll see. But believe me when I tell you this stuff is for real. The truth of what is about to happen and why is probably somewhere in the middle of that story I just told. Don't believe for a second anything of magnitude in the market happens without reason or wasn't predestined ahead of time.
So, if the market does jam up big to new highs from here, you can basically assume that idea is true and 'they' were allowed to squeeze out the weak hands for the sole purpose of lining their pockets for new ammo to then run the market up again.
AI
