I keep thinking stocks are way overbought but everytime i look at the naz or s&p, i just see a strong uptrend. We either have to have a melt up which we may be in the middle of, or a big volume down day that clearly breaks the trend. For now, enjoy the easy money to the upside.
I think we need a blast off starting from monday to take us towards maybe 4200 area for a temp top. And then maybe a drop back to 3500, followed by the next rally to new highs
,,In those 13-een years, market went down ten times, 10% of more, so did my portfolio, but in the end i still done better, simply by avoiding the loosers.'' - Peter Lynch (not sure tho, was it 13 or 10 years, anyway) Good place to start building a clue on where to find the loosers : https://www.elitetrader.com/et/threads/industry-returns-the-decades-winners-losers.346782/ Went through the balance sheets in 6 months, of the SnP500 list and down to 600M caps. There's a looot of garbage out there, that officially remains in that list. Maybe ~20% (or even more, haven't gathered the exact number of companies that haven't made it through the ,,accepted process'')
%% WOW look a the low pe ratio in 2000/SPY/s+p500 chart in this thread.The way the WSJ hates hi PE ratios; I should have never bought anything 1999-2020/LOL
Aaaa - men Since we have those march lows, only once every few years, buying any other time is just too risky & foolish.
%% True--especially with the dow; QQQ/TQQQ/QLD trends so well, good buy most any time except a bear market...…………………………………………………………………………………………………………………..
Translating the Sicilian: "I have no money, but if I did I'd ride this until it drops!" Such a value-add.