Oh man, you're trying to give me another headache.
<<It's just that every time I decided to quit fighting the trend & join the bulls, we'd get more economic reports
confirming that the economy was headed toward recession or
at best, slow GDP growth. Those consistently poor
fundamentals meant there wasn't going to be dramatic
earnings growth any time soon. I just could not overlook
the ever growing disconnect between the relentless ramping
of equities prices & the lack of confirming fundamentals
just about across the board.>>
Hey, remember all those high PE arguments years ago?
OK.... fine.... but trading in those years made many people rich, too. Recall many moons ago, I said, and still, don't give a squat about PE's. I don't even look at them.
<<However, I'm not inclined to join the bull camp now either. I wouldn't go long in here with someone else's money.
That must mean there's plenty of upside left in the market.>>
Depends on the time frame of what you're trying to do.
Hey, forget all that global stuff if you're a "trader." Put the chart on 30 mins, check the 15 at times, and hit go! Set your plan and execute!
If you're longer term, put ye ole chart on weekly and monthly and relax. Or, dollar cost average and go fishing.
One can square root this market to death.
Set your plan.
Keep it simple.
And execute.
RR |
