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Dow Jones up 1290 in two days - our market up 200 points at the peak today. It doesn't get to look much better than this. There are a lot of concerns about the market setting itself up for a sell-off but lets worry about that when it happens. Yes we're looking overbought in the short term but it can stay that way for long periods. So the market is "On watch" but not a sell. Today we talk about handling the risk of a correction through individual stock holdings rather than 'calling the whole market' which is perhaps a bit unrealistic and too onerous a decision to get right again and again, so we'll handle it piecemeal rather than wholesale. Hopefully by the time CNBC is reporting a sell-off we'll already be cashed out via 20 individual stock decisions rather than one big market decision.
Dow Jones up 1290 in two days - our market up 200 points at the peak today. It doesn't get to look much better than this. There are a lot of concerns about the market setting itself up for a sell-off but lets worry about that when it happens. Yes we're looking overbought in the short term but it can stay that way for long periods. So the market is "On watch" but not a sell. Today we talk about handling the risk of a correction through individual stock holdings rather than 'calling the whole market' which is perhaps a bit unrealistic and too onerous a decision to get right again and again, so we'll handle it piecemeal rather than wholesale. Hopefully by the time CNBC is reporting a sell-off we'll already be cashed out via 20 individual stock decisions rather than one big market decision.
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