There is no reason for anyone invested in the US market to lose sleep when it comes to a 401K plan. Yet another fear driven sell off thwarted by the buyers. There probably were alot of folks who got short early on and just got run over right out of the gate causing a sqeeze later on. I overheard someone talking about getting into the ETF symbol 'QID' once China sells off. Haha.
The beauty of the bears is that there is no such thing as a pullback, no matter what they preach. Any weakness in the market and they cheer and high five about how right they were while their friends lose money. Then, when the bulls are buying on weakness, the bears are left on the sidelines trying to find an entry to get short only to get slammed again.
Advance/Decline and other indicators are all secondary to Market Volume. SPX has had rising volume and above average Volume today which confirms the strength of this rally.
Still long and still staying away from the F fund.
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