I didn’t have such a big gain over one day, but the last couple of weeks have been pretty volatile, leaving me back around the same level I was 2-3 weeks ago, which is pretty damn high. My margin account has more than doubled its value since spring 2016, despite occasional withdrawals that totaled more than 10% of that balance.
I’m amazed at how the market has behaved since the election in November. It makes me nervous, though, and amazed that all the recent news hasn’t yet depleted the exuberance. But it doesn’t feel nearly as hollow as the inflated values of most tech stocks during the dot-com bubble. Shopify today is not like AOL in 1999.
And some of the high flyers have already taken dives; e.g., ORLY and ULTA.