Well I will tell you. There are many things going on right now, that you can guess on, but do not know the full extent of its damage.
Fed Juices Stocks all they like, but realistically that is not really the main concern. The real concern is what is happening out there in the real economy and how that can effect that market.
Right now if you have a look at the S&P 500 we are at chasing things up quickly. We are still in a channel and right on resistance.
Also if you take a look at another market sentiment indicator, the NA5OR indicator which is saying things are not only at overbought levels they are at extremes.
It would be fair to say things are at over extremes right now, and greed is at an all time high. That normally means, that a sell off can happen anytime! I am not saying there is a guarantee with that...or a crash coming, however every time we have seen these levels a sell off came close after.
Just a heads up :-)
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what do you think the high will be in the spx when the bull market ends
ReplyDeletethat is a good question. In the mid 1500's I think but it will be a jaggered to get there.
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