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Strategies & Market Trends : Waiting for the big Kahuna
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To: Giordano Bruno who wrote (43443)9/12/1999 7:00:00 PM
From: wanmore  Read Replies (2) of 94695
 
good article...but did you notice.....only 43% of households in stocks???? lots of room to go up from here IMO. Now, 70%, that's a number I would begin to fear. It seems to me that at that point every dollar available to any resident here would have been placed in the "for sure" get rich by retirement, all American Stock Market. Still, this market is overvalued right now and to get the rest of those households in we will need a correction of some size.....small enough not to destroy their belief that it will only go right back up, but large enough to give them that "smokin' deal" on MSFT or AMZN or maybe even WMT and DIS (even though anyone that wants to buy DIS at a discount should have done so by now IMO)
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