Six straight days of advancing indexes and today the market gapped up and now has reversed. The Fed has said they’re going to keep the ball rolling. Everyone wants to be right. In terms of fundamentals, Michele ‘Mish’ Schneider sees hopefulness, but has no problem with letting the price dictate. Is it crazy the market is hooked on stimulus. Chatter is dangerous. Eventually all bull markets end with a bust. The also reality is that we’ve got a new crop of individual investors. Stimulus fueled stock prices. Valuations have gotten too high in some areas and not others. Lessons from Gamestop, can we still have a free market short squeeze? Robinhooders’ data is the product. Social media revolution brought 10 million people into Gamestop. Mish talks about using this opportunity to make money. There has to be some fundamental reasons to look at a stock in the first place. Look at the charts and then place your bet.
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