DislikedI tend to agree, as I've paired back a number of the longs in my portfolio. I've tried to actively look for stocks that might offer shorting opportunities if indeed stocks are going to pull back. That said, the Fed is super accommodative now and shorting might be tricky if the tide is still rising.
BTW, nice thread here -- good to see there's some other stock guys on this site.Ignored
Welcome to the thread, and thanks for contributing, feel free to post anything related to US equities. Yes the Fed is super accommodative at this point and shorting stocks consistently has been super difficult over the past couple of years except for some stock or industry specific names. Broad based weakness has been absent for a while, everywhere I look I get the impression that this market still has room to go over the next couple of years. We are yet to see a climax to this boom, so to expect a bust at this point would be early. The market at this point feels like a well oiled machine with sector rotation as its core. Valuations are probably fair at this point and skepticism towards equities remains moderate, I will start considering shorting names when euphoria is high and when I get weakness from stocks that demonstrate the following:
1- Growth stocks that stretch far from valuations to form a bubble (we are yet to be in a bubble).
2- Fraudulent and misleading companies (this usually happens when expectations are high after companies promise what they can't deliver, flawed business plan, numbers that don't make sense...etc, this theme isn't fully in play yet).
3- Companies that are part of a weak sector/industry (No sector or industry has shown consistent weakness over the past quarter except for the gold miners).
For now I remain bullish, until technicals/fundamentals tell me otherwise.