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With today's move it looks like we may have a green light to take all the major indexes to all time highs, though the nasdaq is not 100% confirmed of this yet. I'm still not crazy about telling anyone to put new money to work in any index fund at these levels though. Even if we rise to 30,000 DOW, at some point in the future we'll be under 20,000 again, so why not hold cash until then? The market is technically and fundamentally overextended.
any plan that includes rebalancing would be taking profits along the way . we also may fall less and never see 20,000. when you do this long enough you know you are not going to jump in to a market that looks like it has no bottom .
most will wait and if we go below 20k they will wait for a sign the smoke cleared. only markets flip before there is any sign things have changed .
in the end most will buy in at a point hardly worth the trouble or give up more then they got by waiting
It's what Pres. Trump said. Investors believed America will be great again and bought stocks and hence created a cushion. If there was no cushion, DJIA would be say in the 24K. Now there is almost 3K cushion such that if there is a phase of weakness, say 4K drop, at 24K that brings you to 20K which is border of going under 20K. With the cushion, from 26.6K, that will drop to 22.6K, well above the 20K.
earnings are strong, Fed is accommodative, VIX is down... sorry to those who got out of the market to wait out the crash.
They are the reason for the growth -- they are going back in. If they keep coming back, this goes back up to 26K. More power to them then.
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