Systemic big picture problems are likely to see the market selloff below march 2000 lows by fall imo. 40 year high inflation, etc
I decided to look ay my weekly purchases of stocks; there were 13 a lower number then most weeks. Of the 13, 10 were sold during the week at a profit, 1 is at an unrealized loss, and 2 are flat. So at least in my case the stocks I chose to buy this week were all good decisions ( I'm down $1k on my latest MEG purchase but still like it as a hold and I made more then 2K on the same stock earlier in the week ).
I can imagine recycling stocks (exotic ones like these in Norway) having the best future at the moment and being the only buy out there
There is always a chance a hot trend can end but the fundamental pinning at $110 Oil and supply constraints makes it still a good area to be in. We've entered a phase where you can't just buy anything you have to buy the firms that are truly making wads of cash, managing it well, and in a position they could do really well even at $60 Oil. Hedges actually hurt the bottom line on some of them a lot last quarter.