I am sure some of your stocks are cheap, based on arcane valuation models. The market is up 25% in a few months and all of the little people are leveraged to the hilt, using this distinguished place of industry as a casino. If I might suggest, they need to be “corrected.” In normal times, the market ebbs, then flows, whilst men of industry work on improving valuation via productivity gains. The problem with today is all ebb, no flow.
We need a correction, else this whole thing is going to blow up badly.
It’s not healthy to have unmitigated, unchecked rallies. Do not leave ignorant comments, asking why markets are allowed to fall precipitously and not rise indefinitely. Bozo, neither scenarios are valid and if you haven’t been paying attention, the people who bought the large declines got rich.
At any rate, I am stoically cash rich, betting for cheaper prices through macabre musings. On dips, I might go long coal names, as they take supply offline due to poor electricity demand–partly thanks to the lack of snow. Or, I might buy a restaurant or two, with a side order of a good retailer. But I will not chase the market, as I am in a position, up 18% for the year, to wait it out.
Patience.
Source: iFly