to trade and code, keep both simple... no call to impress....h
-
Don’t get carried away by rising stocks
Bullish enthusiasm for stocks, which has jumped enormously over the past month, is likely to continue for a while longer. That is good news from a short-term perspective, since cash coming from the sidelines could very well keep the equity market’s recent rally going until the new year. But it’s bad in the long term, according to contrarian analysis, since there already is a lot of euphoria on Wall Street. If the prevailing mood becomes even more bullish, we soon could be facing a situation of such extreme bullishness that a major decline becomes likely. Consider the average recommended equity exposure level ... (full story)