Market's record price action is mimicking late 1999 and it could spark a 10% to 20% correction, long-term bull Julian Emanuel warns

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A top market bull braces for a rough September and compares the latest record price momentum to the dot-com bubble (via TradingNation)

would be at 1.3% while the S&P would be at this level a year ago, no one would have believed you, me or anyone else."

Emanuel points out the record price momentum is so strong, it's overshadowing serious near-term risks associated with surging Covid-19 delta variant cases, higher inflation and what's next for Federal Reserve policy. "The temptation may be to continue to go with it," he said. "This is a time to retain emotional control."

 

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TradingNation Stupid… he says that it will rise another 10% first, then correct 10-20% If it rises 10%, then corrects 10%, won’t it just end in about the same place when he made the prediction?

TradingNation BTCZOfficial BitcoinZTeam

TradingNation Someone will eventually predict it correctly. Maybe even Cramer, hes due to get something right, been preoccupied pushing his pharma stocks and vaccinating kids for a virus with a 99.9% survival rate

TradingNation Yes and if it can happen before Sep 17 that would be really nice

TradingNation BULLSHIT REPORTING AS USUAL!!

TradingNation Do the opposite of CNBC and you’ll make a lot of money. No wonder their network is broke.

TradingNation

TradingNation Neloangelo314

TradingNation Never visit these 10 Countries in 2021 😱🧐

TradingNation wow

TradingNation sweet, any real trader is welcoming a correction, just like we accept the fed to taper

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