06-01-2014, 08:28 AM
I know better than to put much faith in the financial press, but I'll have to admit that this article felt somewhat compelling to me. It argues, with lots of graphs, that the current bull is very long in the tooth. Combined with the extreme low in the VIX, and another article I read that enumerated several aspects of the current market that are *toppy feeling*, it got me thinking that perhaps we are due for a solid correction.
I don't think that this market is irrational, when you look at earnings and multiples. And (of course!) I am not even a bit tempted to attempt any any timing moves here. And as we DGers know, it is a market of stocks and not a stock market. And all that.
But I think most of us would warmly embrace a major downdraft right about now, given that there are so few obvious bargains out there right now. I'd love to see some better entry points.
Anyone have any market hunches / guess they want to share?
I don't think that this market is irrational, when you look at earnings and multiples. And (of course!) I am not even a bit tempted to attempt any any timing moves here. And as we DGers know, it is a market of stocks and not a stock market. And all that.
But I think most of us would warmly embrace a major downdraft right about now, given that there are so few obvious bargains out there right now. I'd love to see some better entry points.
Anyone have any market hunches / guess they want to share?