btw, here come all the I told you so's from the bears (to which I roll my eyes) but I do think that a 5% dip wouldn't be the end of the world and that takes us all the way back to $397, while a more reasonable 3% would have us around my target profit of $405/$407. And yes we're frothy. And yes we've already accounted for the best possible recovery. But actually it probably has more upside. But this is all about institutions. And while they can manipulate the markets, they can't manipulate the balance sheets. And the start of the month will mean a renewed focus on individual stocks and reallocating funds. Which means indexes will be free to do what comes naturally. Which currently is not going up. And May will be another good month for stocks, but we can take some profits next week and still end up a neat 2-5% higher by the end.
And yes, in managing my retirement portfolio, I understand their pain. Maybe stocks are expensive, but bond yields will only go up and its either stay in stocks or go to cash..... and there really needs to be something that appreciates faster in the next 6 months than cash!! *exasperation*
And yes, in managing my retirement portfolio, I understand their pain. Maybe stocks are expensive, but bond yields will only go up and its either stay in stocks or go to cash..... and there really needs to be something that appreciates faster in the next 6 months than cash!! *exasperation*
Comment:
wow, not enough buyers for the dip... continues to fall every time we see concerted buying action. For example, just now, after the 3pm hour, tries really hard and slowly gets to $417, maybe $417.10, I blink and its back to $416.70
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.