Absolutely nothing wrong with it. Earnings have been growing and there are still many value plays. Sure, some aspects of the market may be overpriced. But you can't generalize that to the rest of the market. Especially in this market. Value stocks badly underperformed growth for several years prior to Covid. So pick your stocks and moments carefully there are some great buys out there.
Naaa, you were right. Watch what happens tomorrow. Up pre-market and out of the gate, and then the drop. The nasdaq closes lower tomorrow. Possibly way lower.
That's most likely a given. Watch the 15509.5 level on the March NQ, because that is my entry point. We have a long way to go.
These days it is like a movie....you don’t reason much.. With governments doing whatever it can to provide liquidity and passing the pain to the next generation, fundamentals just go out of the window.. In the last week or so every time my system tells me to buy - I shuddered...Luckily or unluckily the system has limited intelligence...
Not any longer. My position on the MES is 4510, and the markets know this. I control this market. That is the resistance point. Buy those 4510 puts! Take it down! I don't care...What is 6 weeks between friends?
Inflation is running white hot at multi-decade highs, with shortages everywhere, and the Fed is still printing $120bn a month. And here I thought the next few years might be boring...