The S&P 500 has been on an absolute tear since May 20th, gaining 52 points with minor resistance, printing all-time highs @ 1922.
I simply CAN’T HELP but notice how close we are to [B]1929[/B].
Now, calling tops / bottoms in this game is a dangerous endeavor, there’s no arguing that.
But, given the incredible amounts of leverage, crazy low volume, extreme complacency visa-vie a low VIX- can 1929 be that figure which instigates a correction?
Clearly, I’m just having fun here…but, the stock market crash of [B]1929[/B] kicked off a 4 year bear market.
If there’s a guaranteed bet you can make in this world, it’s that human beings are irrational creatures of odd-habit. Can the SP reaching 1929 instigate some crazy mania to liquidate?
Obviously, this is satire- but honestly, I wouldn’t be surprised if something “odd” happened @ that price level. Add in the fact that FRIDAY June 13, 2014 is a full-moon—the index can easily reach that level around that date. Lunar cycles can have an [I]oddly-unexplainable[/I] impact on humans…wOoOoooOooOo… 