Stocks are still cheap though in terms of valuations. Companies on the S&P are reporting record revenues & profits. This is also contributing to the five year rally.
Well Said. Also let's not forget that the market most times moves against our anticipation ... that is how the few make money out of it and the majority loose.
Just look at the posts on ET, most are expecting a significant drop, which is why it shouldn't drop to make sure the most profit is made. Other people's fear is a great source of income for the elite ... a good example: the made up global warming shit ... fear of possible attacks.
Saying most everyone on this board is bearish is quite a leap. michaelscott is bearish, he starts 10 threads a day to tell us so. The falling dollar is good for the mega comapnies for now, sooner or later the fed will have to step up to the plate. I agree with you totally stock., companies are reporting big numbers, but when you put earnings to a closer look, the stink starts to come out. buybacks, underpromising,etc etc.. The mkt going higher, until all the stink matters. I will let the bond mkt show me first, equity mkt will follow 3-6 months later. Bonds have certainly peaked, we shall see in the fall.
I just sold SDS s&p Ultra short, for a loss of 7.5% After 7 years of trying I have always done the exact opposite of the correct thing. So anyone Long better watch your assets the big correction or crash begins monday.