$SPY $SPX $DJIA $DIA The rally of 2019 may have been the most hated rally in history, but the rally of 2020 will probably go down among the most loved in history. Retail traders are piling in at levels not seen since... well, the end of the 1990s. Dumb money has gone absolutely parabolic.
@Frost7 I sold my positions in late January and went all cash. I bought back in late March at (almost) the bottom, and am doing quite well. You can call it dumb if you want, but I'm winning while bears are missing opportunities. When I saw the market down 40% from all-time highs, I just knew it was very oversold. I'm not opposed to taking bearish positions, but right now, the bear argument doesn't make much sense, considering the pandemic threat is at the tail end.
@Robertx Not saying be bearish. Just pointing out this rally is more hated than 2019 = objectively bullshit. Record cash sidelined, but also record fresh cash being brought into the market at a huge clip. That is all. I was buying in March too FWIW. πŸ‘ŒπŸ»