We seem to be in a bear market rally. Remember, 2000 took 2 years to go from peak to trough. 2008 took 18 months. Lots of people wanted to call the correction over with last week, but history suggests we will see many rips upward during an overall downward trend. Lots of retail investors seem to be getting suckered in as usual.
an "investor" cannot be suckered in because they invest money as soon as they have it and don't sell for decades. I guarantee that a purchase on Tuesday will be up by 2040.
"traders" trying to play short term trends may indeed be wrong about the near term direction of the markets.