We assume that the S&P will be headed higher. A number of factors play into this fundamentally, technically it is a little more difficult to see and as much as I hate fundamentals it plays into a big part of why I am long. I think we are due for a correction in the next 6 moths to a year, but remember it is always better safe than sorry and have your stops. For me I will leave stop at the 2050-2060 area to allow enough wiggle room to catch a move north without being stopped out.
Comment: be weary in this zone
@MaffeProg, Yea going all in is never a good idea, but i do feel strongly enough to know that we will go another spring up, which i will maybe cash out then. Normally when everyone says sell, its time to buy.
@Art-of-FX, I feel like everyone is saying buy buy buy, CNBC especially is towing that line
@stantrader, Most of the articles Ive been reading are saying be aware of the coming crash, correction coming soon, Trump rally about to end... etc etc. I dont watch CNBC but I am not huge on getting my news from the TV>
@Art-of-FX, CNBC is a terrible place to get reliable financial news. But most of the pundits are now calling for 2400-2500. They definitely have a few doomsayers. But both TV and print media seem to overwhelming discuss the resurgence of a new bull market. Seemingly hyping up retail investors to pile in now. And at valuations at 25x current earnings and 2x sales, those are prices that are implying 7%+ growth for at least the next five years, which is entirely unrealistic, especially since no policies have even been discussed, like tax cuts or deregulation that the market is so happy to price in.