I repeat: THE BUBBLE BASKET HAS ROLLED OVER.
Do not attempt to fight this undeniable fact. High valuation stocks are being tossed into the sewers. Men wearing skirts are frantically trampling over each other, attempting to seek refuge.
David Einhorn is on CNBC discussing value investing.
It’s over.
Bonus round, social media stocks are on the other side of the mountain.
you mean like this?
https://www.youtube.com/watch?v=20vIXfW37QI
Went all-in OSTK on margin.
I just got the pets.com reference. A plus.
I’m lightening up on my positions. In fact, I began to do soon after the last Fed meeting where plans for unwinding QE were announced. It has taken longer than I thought for the market to react, but 10 yrs are finally pushing 2.45% and Europeans will follow suit. A general trend of rising rates together with the degenerate we have in office makes me not want to be very long heading into 2018.
If you read back in various articles and periodicals, you will find many predictions of SHTF in 2028 and it has virtually nothing to do with the current administration.
2018 has been forecast as the year 0bamacare hits the wall since its birth. Indeed, it was designed that way purposely in order to avoid having its full effects hidden until the previous administration was out of office. Thereby making his successor look bad instead of his narcissistic self and the Democratic Party.
I can see it now:
Donald J. Trump ?Verified account @realDonaldTrump 8h
We have the best corrections, don’t we folks? Market at all time lows. #MAGA
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Over the past two weeks, I’ve sold non-core positions (held <2yrs) where both MACD and momentum have rolled over, and also taken profits on some core positions that you could call bubble stocks. I’m anticipating a decent correction (<-8%), before the bulls hit the cash register again for a year end chase and rally. No fat ladies are singing yet, so this bull ain’t done.