re: #376 ArchangelMichael

Just about everyone of these is way over-bought on daily and weekly technicals. If it was me (and I’m doing this…) I’d wait for a testing of the Dow and S&P YTD lows or a least a protracted stagnant period in the 7000s before buying anything long term. Rarely does a “V-Bottom” turn out to be “The Bottom”.

Agree on principle, but in this case the overall market is being unreasonably strong in the face of bad (and worse!) news. I’m very surprised we’re back to 8000 in the first place. But remember, we’re facing runaway inflation at any moment, Dow might just hit 90,000 before Obama leaves office, of course a loaf of bread will be 11,000 dollars.

Craziest danged market in history, I think.