Every parabolic advance in the history of capital markets has needed a collection of human sacrifices. We already have several "heroes" who either think they are smarter than the market or use too much leverage. Who else wants to jump on the fire so we can go even higher?
Seriously though, will Burry have to use his Substack revenues as collateral to secure loans so he doesn't get liquidated on his wrong way margined positions? This really looks bad. Worried about the poor guy.
“Technical Analysis does not matter” -Trader Joe Schmoe on Fintwit.
Meanwhile the $KOSPI bounced nicely off the 200dma, bounced almost right at prior support areas in the 5,000-5,200 area, and bounced perfectly off a 30 oversold RSI.
Embrace TA.
The equal weighted S&P500 etf $RSP is up 14 of the last 16 months.
This is going to test that monster run from 2016-2018 where the $RSP went up 21 of 24 months.
Hard to beat the S&P500. Equal weighted or not.