What's amazing to me is how almost every TA is talking about these markets like they are hypothetical indexes, not a basket of stocks or commodities that represent real things. We've been squeezing so many stocks up on low volume for three weeks. Not sure what can maintain it. Everyone just be drawing the line up and to the right is not looking very smart. On a subjective level, after 10 years of this, I realize that the media mania last week was a bearish indicator. During an actual healthy run, there is no reason to hang on every word every Fed chair says, no reason to put Tom Lee on TV twelve times a week to make up ever-more-bizarre talking points such as the "melt up" narrative or the "stocks are actually cheap cuz feelings" stuff he started this week. No reason to upgrade stocks that do not have growing earnings (looking at you, MCD and LOW!). I've usually found myself pissed off at stupid "will stocks go to a batrilrrionmillion by tomorrow?" articles, angry as hell - then I realize a month later that that was basically the day the market topped. The scary part is that the media hasn't been this insane, manic, and detached from reality since right before the covid crash Oh, and Jamie Dimon said on the earnings calls that assets and stocks are overpriced, so no buyback. So he basically called his own stock overpriced. Somehow the media managed to miss that even though he repeated it - but they did magically report that he thinks a soft landing was achieved, despite him not saying that!