True but there’s too much liquidity floating around creating FOMO and the DXY is still weak looking which is where all the fuel for these pumps is coming from. The intermediate and long term for the DXY still looks to be below 100 which if so, will be enough liquidity for them to pump these markets to new highs by March. This is looking very similar to 2000 in that the DOW made new (at that time) highs around 12/31/99- 1/05/2000 and then bounced back and forth near the top…. But the Nasdaq didn’t make new highs until March of 2000. The recession hit the following year (‘01) but the markets had already topped off the year before and sold off dramatically. Back then the craze was the dot.coms whereas today it’s all about AI. This looks eerily similar…
“History may not repeat but it sure does rhyme…” - Mark Twain
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