My 201K has climbed back to a 301K. Hmm? Too much too fast?
I don't know that I would call 8000 on the Dow "too much." We are now "only" down about 42% from the peak.
Having said that, I don't think we're heading to 9000 anytime soon.
It's not the down number I'm looking at. It's the up 20% plus in three + weeks that's got my attention. Lot's of short term profit there. But, then again, Cramer did declare the depression over- So i guess it is time to buy!
I know what you were saying. That was my point, just because we are up 20% doesn't mean we have come very far. We've got about 80% more to go before we are back to where we started. I wouldn't be buying those 3X leveraged SPY ETF's quite yet.
I think the day-traders are going to be taking serious profits next week. Actually, this last year has been a boon for day-traders taht know what they are doing.
Come to think of it, you could have just been a buy-and-hold guy with short-ETF's and made a killing!