10 years chart of WMT looks pretty scary. The last time WMT gained as much as it did in November 2014 was in December 1999. In the midst if the last leg of dotcom bubble. As you can see back in 1999 it quickly gave back those gains and then some.
Now, I am not saying we are in a bubble now. But WMT has moved too far, way too fast. The comparison with the bull market of the 1990 is meaningful, in my view, because WMT is a good proxy for US economy and consumer spending.
optionsforum.net/top...ime-for-bear-spreads
Now, I am not saying we are in a bubble now. But WMT has moved too far, way too fast. The comparison with the bull market of the 1990 is meaningful, in my view, because WMT is a good proxy for US economy and consumer spending.
optionsforum.net/top...ime-for-bear-spreads