Will last week's rally continue or get grounded like all the flights?
Report says big holiday sales numbers so .....
Well in 2021 we had:
1) New Years Day rally
2) an MLK day rally
3) a Presidents day rally
4) a St. Patricks day rally
5) an April Fools day rally
6) a 4th of July rally
7) a Back to School rally
8) a Halloween rally
9) a Thanksgiving rally
10) and just finished a Santa Claus rally
We also had rallies from 2009 - 2020.
I mean sure they were big dippers back in 2011, 2015, 2018 and 2020, but they were all bought eventually.
The market is so used to rallying it forgot how to go back down for a prolonged period like 2000-2002 and 2007-2008.