Of course we pay attention to those famous gurus who called the crash of ’87 and ’92 and 2001 and 2011 and 2013 and…who are now predicting a (at least) pullback of 5%. (And who are the wall of B.S. the mareket must climb.) We pay attention to these Cassandras and also to hurricanes Harvey, Irma, Jose, and Trumpster. Then we get charts like this and wonder why we waste our time. Two gaps and a new high and a triple digit day in the Dow. What’s not to like? We’re adding on to our UPRO position.
(NOTE: UPRO is a leveraged issue. For aggressive traders only. SPY — and DIA– will do for 90% of investeors.)