From the ’07 high around 1,500, we have now retraced the important 61% Fibonacci move off the bottom. Going through this will be significant. Next stop, 1,323.
Just in time for Christmas. Remember what Eddie Murphy said in “Trading Places.”
Considering the amount of money that has poured into fixed income in the past year I would imagine equity has a ways to go before sleepless nights set in.
“the retail investor will abandon his belief that the market is rigged against him and switch rapidly into greed mode.”
Just in time for the end of the market bull run! Retail behavior is usually a big contrarian indicator.
It most certainly is BUT, we are a LONG way from an overbought condition in the market, a long way.
Agree with you guys, although I am not optimistic about the wealth effect of higher asset prices spilling over into the rest of the economy. Agree with DCB that it’s a mistake in the long run, but a near-term positive.
“the retail investor will abandon his belief that the market is rigged against him and switch rapidly into greed mode.”
Just in time for the end of the market bull run! Retail behavior is usually a big contrarian indicator.
When the fundamentals say the stocks are too expensive. At 1.93% yield on the SP500, we are pretty far away from that. The high yield, high quality names are still good long term bets..DD, VZ, etc, etc, etc
Yes, once there’s a definitive upward move, the retail investor will abandon his belief that the market is rigged against him and switch rapidly into greed mode.
Why are you losers talking about stock so early in the morning? I much rather read about asian porn.
From the ’07 high around 1,500, we have now retraced the important 61% Fibonacci move off the bottom. Going through this will be significant. Next stop, 1,323.
Just in time for Christmas. Remember what Eddie Murphy said in “Trading Places.”
Considering the amount of money that has poured into fixed income in the past year I would imagine equity has a ways to go before sleepless nights set in.
choo chooooooooooooo!!!!!!!!!!!!!!
“the retail investor will abandon his belief that the market is rigged against him and switch rapidly into greed mode.”
Just in time for the end of the market bull run! Retail behavior is usually a big contrarian indicator.
It most certainly is BUT, we are a LONG way from an overbought condition in the market, a long way.
Agree with you guys, although I am not optimistic about the wealth effect of higher asset prices spilling over into the rest of the economy. Agree with DCB that it’s a mistake in the long run, but a near-term positive.
“the retail investor will abandon his belief that the market is rigged against him and switch rapidly into greed mode.”
Just in time for the end of the market bull run! Retail behavior is usually a big contrarian indicator.
When the fundamentals say the stocks are too expensive. At 1.93% yield on the SP500, we are pretty far away from that. The high yield, high quality names are still good long term bets..DD, VZ, etc, etc, etc
so when does a novice retail investor know when to get out (ie when fundamentals matter cause the easy $$$ pipeline is dried)?
Yes, once there’s a definitive upward move, the retail investor will abandon his belief that the market is rigged against him and switch rapidly into greed mode.