S&P500 above upper Bollinger band
The S&P500 has recently burst through the upper Bollinger Band but looking over the past 20+ years, it has never stayed above it for long.
Yes, it has risen along with the BB and even pushed through strongly at times, but never for very long.
Is it possible that we see a high-level consolidation over the next few years that keep equities relatively high?
Unfortunately, anything is possible in this off-kilter world, as long as the powers-that-be can maintain their ability to influence/manipulate/distort market pricing mechanisms. If the philosophical foundations of our society are off-kilter/unbalanced and the ideas & values we collectively hold... if those ideas and values degenerate and make us increasingly selfish and detached from from others, then collectively we become a splintering society and that is what we have today. It is one thing to believe one is right and to advocate for your ideas & values. But to seek a "better, more just world" while at the same time denigrating and bullying and attempting to silence those who disagree - that is the way to civil war. Some people advocate for that route.
But so long as people advocate that people who think/believe differently from you are enemies and need to be destroyed, there will never be a chance for the UNITY they aspire to. You can't have unity by subjugating people who think differently from you. You need to first see them as equals (b/c God resides within them, too) and then convince them of your point of view... respectfully, lovingly, and with tolerance.
My rant is over now. I see significantly more downside than upside in the broad market. And there WILL be turbulence in the coming years. No way to avoid that, considering the unsustainable debt & deficits worldwide. Time will tell.
Yes, it has risen along with the BB and even pushed through strongly at times, but never for very long.
Is it possible that we see a high-level consolidation over the next few years that keep equities relatively high?
Unfortunately, anything is possible in this off-kilter world, as long as the powers-that-be can maintain their ability to influence/manipulate/distort market pricing mechanisms. If the philosophical foundations of our society are off-kilter/unbalanced and the ideas & values we collectively hold... if those ideas and values degenerate and make us increasingly selfish and detached from from others, then collectively we become a splintering society and that is what we have today. It is one thing to believe one is right and to advocate for your ideas & values. But to seek a "better, more just world" while at the same time denigrating and bullying and attempting to silence those who disagree - that is the way to civil war. Some people advocate for that route.
But so long as people advocate that people who think/believe differently from you are enemies and need to be destroyed, there will never be a chance for the UNITY they aspire to. You can't have unity by subjugating people who think differently from you. You need to first see them as equals (b/c God resides within them, too) and then convince them of your point of view... respectfully, lovingly, and with tolerance.
My rant is over now. I see significantly more downside than upside in the broad market. And there WILL be turbulence in the coming years. No way to avoid that, considering the unsustainable debt & deficits worldwide. Time will tell.
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