So currently the bull market is in its

seventh month wow time really flies ever

since the bear Market ended last year in

October 2022 so ever since then the S P

500 is up over 19 from the lows and up 8

year to date so I got a question for you

are you enjoying this bull market well

if you are type yes into the comment

section well if you have been following

my lessons about only holding

fundamentally great companies and adding

more shares when they were very

undervalued in the last couple of months

you should be seeing very nice gains in

your portfolio over the last seven

months and you should have recovered the

majority of the drawdowns that your

portfolio may have experienced during

the bear Market of 2022 and that's why

it's really important to stick to your

investment plan don't panic during bear

markets whole great companies and keep

adding shares when they're undervalued

and very quickly you can see your

portfolio rebound and go to new highs

and as most of you know my portfolios

went to a drawdown as well last year yep

it was not immune to draw downs but

again by sticking to my investment plan

and holding only the top one percent of

companies in the world and adding shares

when they were undervalued last year I

managed to recover the majority of the

drawdowns so for example in my first

account over here you can see uh let me

just log into my account management

so you can see here today it's up 21

uh way above the S P 500 which is up

eight percent way outperforming S P 500

over a one-year period 12 months ago uh

you can see it's up 21.62 percent

in my other portfolio

which is uh this but particular

portfolio uh it's pretty much the same

if I log into my account

you can see that it's a year to date up

23.74 and from one year ago it's up 18

now I believe that most of you who have

been following my investment principles

and in my community should also be

seeing double digit returns in your

portfolio as well and if you have to

leave your comments in the comment

section would love to read about how you

guys are doing as well but it may

surprise you to know that the majority

of people out there both retail

investors and institutional investors

really hate this bull market in fact

it's been said that now this bull market

is the most hated bull market in history

just do a Google search or bot search

and can see many of these headlines

right on Seeking Alpha the most hated

rally I've ever seen this was in

February 2023

and more recently on 18 April uh on the

street which is a new site Financial new

site stocks the most heated rally yet so

seems a lot of people hate this rally

you can tell especially on Twitter

because I'm on Twitter pretty often and

I would say that easily you know 8 out

of 10 tweets are very very hateful of

the market rallies like what the hell is

going on how can the market go up is

being manipulated the Market's rigged

this is total rubbish right and every

time I read that I always laugh because

you know I've been in the markets now

for over 31 years and I've been through

countless Bear markers countless crashes

and countless new bull markets and every

time is the end of a bear market and

it's the start of a bull market you

always get the same people hating it

saying that oh it's Rick is manipulated

and they don't believe it they're in

denial and by the time they believe it

the market is really a new all-time

highs and it's too late to buy in it

happens every bear to Blue Market cycle

always for the last 31 years I've seen

it for myself

so again why a lot of people hating this

rally this year again very simple

because number one a lot of retail

investors they so in panic last year and

they never got a chance to buy back in

and they were hoping it's going to go

lower but it didn't it kept going up

it's like [ __ ] I can't buy it back now

it's too high come on come down come and

you're hoping it's going to come down

but it never comes like it's going out

but it happens all the time you can see

for example from these brokerage reports

uh this is a report from the clients of

TD Ameritrade which is a broker but see

thing with with all Brokers you can see

that

uh this green line shows you the net

buying or the net selling of retail

investors and you can see that retail

investors they when net sellers

um in March 2020 that was the low of the

Kobe crash and once they dumped their

shares the market goes up right same

thing happened last year retail

investors so in panic in December 2022

two months after the bear Market ended

it's so in panic and then the market is

rallied up 19 from there and they are

left out of the market and of course

they're feeling very very hateful even

worse some smart alec retail Traders

they shorted the market and they've been

shorting the market for the last seven

months and getting their face ripped off

that's why I keep telling you guys that

the main purpose of the stock market is

to make fools of as many people as

possible when everyone thinks the market

is going to crash gonna crash it keeps

going up Market goes opposite of what

everyone thinks so never listen to the

predictions of people never listen to

all these economic data and news it's

all for entertainment purposes just

stick to holding great companies because

great companies always will go up and

focus on the trend of the market which I

keep saying focus on the trend of the

market right

take a look at these charts these are

from a fun Strat uh research and you can

see for example the aaii which is the

American Association of investors

something like that the survey shows

that the majority of people are still

very very bearish sentiment is extremely

bearish now even compared to one year

ago so as the market keeps going up

people get more and more and more

bearish because they keep things it has

to come down right

and the more they are bearish the more

they don't dare to buy the more they

shot the market the more they miss out

the more they get killed look at the

retail cash on the sidelines this tells

you how much cash there is on the

sidelines that people they don't invest

they're holding cash hoping to get in

but they can't because the market keeps

going up you can see that uh as of end

of March there's 1.9 trillion dollars

of retail cash

on the sidelines So eventually they'll

come back into the markets right by the

time they come back in the market would

have gone up a lot more and by coming

back in they feel the last uh hurray of

the market and that's when the market

will come back down again right it

always happens like that

so why why is it the last seven months

so many of the retail investors were so

negative so bearish and they didn't bet

their buy because like I said in my

previous video they fell for the Doom

and Gloom scam on Wall Street these

Financial gurus and media they

perpetuate the Doom and Gloom scam

always telling you that you know this

time it's over it's never coming back

we're gonna die and people fall for this

crap you know every time

uh bear Market reverses the bull market

again I've seen this now for for 31

years through through 08 through 2012

through 2020 you know and now 2023 right

look at all the bad news that they told

you last year in the media right nine

out of ten was bad news you know a

global recession is inevitable in 2023.

it was back in 18 November last year

right the stock market will fall 25 when

the looming us recession hits says

Deutsche Bank uh this guy says is a

dangerous game we are playing right

Bloomberg Global stocks face more

hurdles in 2023 Bloomberg IMF Chief once

of tough year for World economy last

year 21st December SMP facing historical

warning signed after this year slum and

early this year people got even more

bearish

this guy from JP Morgan said that you

know I'm outright negative on stocks and

he said on 24th of January and of course

we have got uh Michael burry who he

himself said sell and they said no I'm

sorry I was wrong and now you find out

he was buying the bastard right from the

13 F filing all right and then people

like Jeremy Grantham says or brace for

the s p to plunge 50 painful recession

to strike uh he said in 21st March Bank

of America says the stock market lows

will be tested again Morgan Stanley Mike

Wilson says sell any bounce on the

government intervention the next leg of

the bear Market has begun really I

haven't seen that right stock markets

are set to crash 37 as the circus rally

ends and and again all this negative

[ __ ] right and what really pisses me off

is at the end of the day who gets hurt

is the retail investors who listen to

all these Doom and Gloom prophets who

get hurt not these people they don't get

hurt in fact they are doing really well

because they are buying stocks like for

example again Jeremy Grantham warns that

the s p is going to plunge 50 this year

but he's buying stocks you can see from

the last 30 F filing or you can check

out Guru Focus which is his website or

data Roma you can see that you know his

his uh fund bought 86 new stocks right

well yeah he did reduce some of those

stocks but in in aggregate he actually

added even more shares so if he thinks

that the market is going to crash 50 why

the hell is he buying stocks and why is

he holding you know billions of dollars

worth of star now same thing with this

other Guru uh Stanley drunken Miller who

is uh George soros's good friend you

know September of last year he says that

the us is going to fall into recession

last year he was extremely bearish but

again the last 13 air far link you can

see that again he bought 19 new stocks

and he bought and added a lot more

address to many many of these companies

so lesson do not listen to what they say

watch what they do it's often very

different I'm probably the only idiot

that tells people I'm bullish when I'm

actually buying stocks maybe I should

stop telling people I'm bearish right

well who knows now again it's not just

the retail investors but a lot of

institutional hedge funds also hit this

Market rally and the reason is because

for example you can see that SNP net

non-commercial Futures positioning shows

uh net short of the s p Futures and what

this means is that the majority of hedge

funds have actually been betting that

the market is going to crash and they

are shorting the SNB Futures which means

they're going to make money if the

market goes down as the market keeps

going up they make huge huge losses and

these are again institutional hedge

funds as well

here's another example you know leverage

hitch funds continue to fight the tape

what does that mean that means to say

that the tip represents the trend as the

market keeps trending up they keep

shorting the market as they shot the

market and go against the trend they

keep losing more and more money you know

why do they do that I've got no freaking

clue right so smart money is not always

smart money sometimes smart money can be

just as dumb as the dumb and you can see

massive shot positions just before this

recent rally in the markets so is it

normal for a new bull market to be hated

so much the answer is yes I've got news

for you every new market in history was

always hated and at that time it was

always known as the most hated rally in

history it's always the most hated right

so let me give you an example of all the

past new bull markets that started after

bear markets and you will see the same

headlines check out October 8 2009 this

was the start of the bull market after

the financial crisis bear market and

again what was the headline on October 8

2019 the most hated rally on Wall Street

so let's go back in time and let's learn

from history so this was the 2008

financial crisis and again this was the

bear market and the bear Market ended in

March of 2009 now I called the bear

Market bottom in January 2009 so I was a

bit I was two months early at that time

in fact those of you who have been

around would remember that I launched my

book at the time this was my book you

can still buy from Amazon

and my book was published on the 1st of

January 2009 called profit from the

Panic so in that book I rushed that book

I was the fastest book I ever wrote in

that book I said that the market had

bought it and again I was two months

early right I was there and then it

still went down a bit I was like [ __ ]

okay but then whoa it started going up

and I made my first million in the

markets during that time all right so

again can you see like what I've taught

you before when the 50 moving average

crosses above the 150 moving average and

it starts sloping up that is a

confirmation of the bull market so you

can see the bull market was confirmed

right here

all right and in September again was it

September let me just check again yeah

sorry October October 8th uh which was

somewhere uh here right

what did he say it's the most hated

Market red because the market was

rallying uh already for again about nine

months and again it's always nine to ten

months of blue Market from the bottom

people hate it because they all missed

that bottom or they shorted it they've

been shorting it and they they get their

face ripped off but again that was the

start of the bull market and how long

did that bull market last

right that blue Market lasted pretty

long right there was a bit of a

correction over there this was not a

bear Market but it kept going up a bit

of choppiness over here

all right and the market continued to

run all the way up all right now here

this was not officially a bear Market

because this dropped 20 but it didn't

close 20 down it kind of like rebounded

very strongly by the way this was

actually caused by the US government uh

getting their debt downgraded by SNP and

this was in a way caused by the debt

ceiling at that time which is coming

soon so we could have that you never

know right but anyway that's what caused

that 20 drop at a time and again what

happened after that drop

a lot of people here so in panic and a

lot of Institutions shorted the market

here and once they shorted it it went up

they was like ah

[ __ ] right and then with the blue Market

again continue over here they hated it

again check this out

yeah

uh sorry this one right uh 7 August

2012. again the most hated stock market

rally in history so again August 2012

was right uh here right so after again

this crash people sold in panic and they

were waiting for it to go lower they

shot the market market went up it was a

confirmed bull market they said hated it

and it kept running running running

right and when was the last one let's

look at the last one the last one was

there we are oops

the last one was in 2020 not too long

ago right

so as you guys know I called the bottom

perfectly for that one so sometimes I

get it right at the bottom sometimes I'm

two months early sometimes I'm three

months early you know but it doesn't

matter as long as you know you you stay

in the markets and you buy near the

bottom you make a lot of money that's

the point you can't be right exactly all

the time I'm not writing exactly all the

time all right so check this out that

was the crash the covet crash that was

the bottom a lot of people so in panic a

lot of people shot at the market there

and when he went up they was ah in

disbelief how could this happen and they

got screwed right and again they hated

it again check this out

there we are second June 2020 the most

hated rally in history just won't stop

all right when was the 2nd of June there

2nd of June again you know once it goes

up they hate it and it keeps going up

the more you hate the bull market the

more the bull market will continue

always remember these Immortal words

bull markets are born on pessimism they

grow on skepticism the more people are

skeptical the more the bull market grows

but the bull market matures on optimism

which means when the majority of people

start to get optimistic it's real it's a

real bull market oh [ __ ] then it's

beginning to mature and blue markets die

on Euphoria which means when everyone

gets really excited and they start to

leverage and borrow again that's when it

ends which we are nowhere near because

currently margin debt is at an all-time

low which means the market is currently

very deleveraged a lot of people have uh

they leverage their accounts all right

and again we all know this very famous

psychology of a market cycle that the

beginning of a bull market rally is

always one of disbelief that the

majority would always say it's a suckers

rally and again if you go on to Twitter

you find that again 9 out of 10 people

eight out of 10 people say that it's a

suckers rallies a bear Market rally is

not going to last and as long as the

disbelief this gives fuel for the bull

market to continue right and again when

people get optimistic when they start to

believe again I believe right once they

get uh euphoric you know that's when you

want to be careful all right so where do

we go from here now again taking a look

at the price action I always say that

you know no one can predict the future

with absolute certainty all we can look

at is what's the trend of the market the

trend is your friend it gives you an

idea about

um probabilities right so currently the

S P 500 continues to be on an uptrend uh

the 50 moving average is about of the

150 moving average they're both sloping

upwards the 200-day moving average

sloping upwards as long as that is uh

true then the market remains on the

uptrend but again we are now coming into

an area of resistance that has been

tested a couple of times which is over

here right so this is a significant

level of resistance this was a previous

level of Support over here

and it got tested back in January got

rejected of that and then it went up

again in early May and got rejected as

well so it keeps testing this level of

resistance now remember that the more

that level of resistance gets tested in

a way sometimes the weaker it gets right

because every time it goes up people

sell comes back down again it goes up

people sell comes back down again until

you run out of sellers so once there are

no more sellers uh then the buyers would

then begin to be able to break that

level of resistance so we'll see now

eventually this resistance will be

broken and once it is broken and the

market closes above 4 200 points

and that would confirm officially the

bull market like I keep saying it's not

officially a bull market yet it's just

my call there is a bull market based on

the the price action right so

um now I mentioned in my last video that

I do expect the next few months to be

choppy because again it tends to be you

know June tends to be a very uh bearish

month uh so will September okay but uh

it may get choppy right especially June

as you guys know we've got the depth

ceiling

impasse happening although there was

news yesterday that Biden and uh

Kevin McCarthy they're kind of like

agreeing that they will raise the the

debt limit but you never know okay so in

the event that they don't raise the debt

ceiling or the U.S debt gets downgraded

by another credit rating agency could we

have another pullback could we have

another sell-off it is definitely

possible that could be a captain's of

course now I saw an interesting post by

Mark minoveini who is a very good Trader

as well in the market it's pretty

legendary Trader and he shot something

pretty interesting uh that compared the

market today which is now kind of like

consolidating in a tight range after

that initial uh rally right it's pretty

similar to what happened in 1991.

so in 1991 you can see the market kind

of like started rallying of the lows

Consolidated and then there was what we

call a final ShakeOut okay so sometimes

when there's a catalyst uh market makers

uh and these you know high frequency uh

Traders would kind of like shake out uh

do a large ShakeOut dollar to take out

the stop losses of the retail traders to

shake out the weekends before it goes to

all-time highs so again I'm watching

whether that will happen Okay so yeah

there are two scenarios if there's no

Catalyst uh the debt ceiling gets raised

easily then we just simply break out of

this range and we just go to all-time

highs I mean maybe not this year but

maybe next year or the year after that

but if there is a catalyst where again

some [ __ ] happens that we can't predict

we may have a final sell-off that shakes

out these stop losses now when that

happens I'm gonna buy like crazy I'm

gonna be a big buyer I'm gonna sell a

little puts and I'm gonna take advantage

of this High option premium during

panics after the ShakeOut once a week

the the last of the weekends are flushed

out then we will rarely

um

in a sustainable way and this bull

market again you know most bull markets

will last for at least three to five

years or even the next six years so I do

expect a lot more upside from where we

are right now all right so

um it's just beginning the bull market

is just beginning whether we just

continue from here or we got another

final ShakeOut remains to be seen so

keep watching keep uh following the

principles and I'll see you guys on the

other side May the markets be with you

and till then uh take care if you want

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markets be with you