Acrophobia is an extreme or irrational fear or phobia of heights.
S&P500 is right now trading near all time high and many people are worried because they see no upside from here and only downside
Here's S&P500 ETF
One of the most compelling argument of Bears: Oh S&P500 is near all time HIGH and it doesn't deserve to be here. Just imagine - what will happen if there is 2008 like crash. So, take your money and run.
What nobody is answering?
Why is market behaving in this way? Why S&P500 is near all time high despite all negative noises? What IF - this is for real and market breaks out to NEW HIGH again? Just because market is trading near all time high - does not make it risky.
What can drive market to new HIGH - Financials?
Here's XLF ETF
The big question: Can they - considering so much political rhetoric against big banks. Over last 5 years: JPMorgan has underperformed S&P 500 by about 13%, Bank of America has underperformed S&P 500 by about 47% and Citigroup has underperformed S&P 500 by about 62%. WHAT IF - they start performing?
1. What happens when people change their view about a sector?
2. PREMIUM - Twins: Technically Similar and Good Looking Chart
3. How fundamentally things change right before our eyes?
4. Brent Crude is now at Textbook Resistance
5. Nifty has a small Horizontal fence to clear
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers