Is it "Stonks Only Go Up" time?

Since March 23 bottom, the S&P 500 and the Nasdaq composite have been up 6 consecutive weeks.  The Dow was up 5 out of 6 weeks during that time.  The S&P YTD total return is 8.52%. The Nasdaq composite YTD return is 12.8%.   The Dow YTD return is 3.2%. 

These results are after 4 months and would already a great return for a whole year, in the case of the S&P and Nasdaq.  Woohoo! This level of returns is not sustainable longer term, but may continue in the near term for days, weeks or even months.

Is it "Stonks only go up" time?  The answer is "Yes," with the caveat that uncertainty is for how long.  Right now, the market seem irrational, and it will work...until it doesn't, and when it stops working is unpredictable.  In the meantime, I'll enjoy the continued runup, and be prepared for the inevitable correction.

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This is not financial, stock investing, nor investment advice. Please consult a professional advisor.

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