Unless you are invested in a broad range of securities, especially ones that track futures prices, it’s hard to make consistent gains in this market. A lot of the move up the past two years has been in the futures market, during the time when the US stock market is closes. It doesn’t take much gunpowder to move markets when they are closed. There just aren’t many players at the time. So buy every and any dip because it seems to be the only game in town. Here is a picture of the melt up, with ever decreasing volume. One can debunk this theory by arguing that the markets are trading the same dollar value, because when prices go up, the volume will go down. How high will we go?
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