I can smell the irrational exuberance from here, and I am on the other side
Of the world to NYSE.
The fuel is on the fire, but so far no match to be seen.
Well, maybe there is a box of matches very close at hand, but none have sparked yet.
The hopes (and pricing) are big on global growth. Let’s hope.
I saw on tv yesterday some commentators were talking about “rolling corrections”, with individual stocks, or even sectors, realizing corrections but not the whole market at the same time. The resultant rise in the Market we are seeing is therefore already post corrections and we will indeed be topless for the near future.
The analysts were extremely bullish. As it is the same Analysts that were bearish 12 months ago, I think there is a warning here. Probably not a great time to buy into the hype. There is hype.
..... but as I have no willingness to sit on cash, I’ll just have to stick to the game plan and ride this out. Maybe the hype will have been warranted.