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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1036242)	10/31/2017 9:18:52 PM
From: Rarebird	Read Replies (2) \| Respond to of 1573901

Of course it ends badly; it always does. But you are underestimating how much longer this can go on. Typically, the A/D line peaks out 6-9 months before the major indices do. And since the A/D Line just hit new all time highs last week, I would say there are clear blue skies till at least the spring of 2018. The dot.com bubble had no earnings. This market is composed of rising earnings and revenue growth. Sure, valuations are stretched if you compare it to other periods in the past. But who is talking about a new era here? I see no irrational exuberance in terms of sentiment, far from it. What I see is a lot of disbelief and outrage by people who have not participated fully in this bull. SPX 3000 is coming.