Re: A New Bull Market Or Big Double Top?
Double top. What is going to drive a new bull mkt? This mkt is driven by a half dozen mega caps- due to A.I. and a few smidcaps in A.I. Companies i have not heard of until this month. Interest rates not going down. Valuations still too high. Need a good flush to bring valuations in line and a cut in Int rates to stimulate the economy. Earlier I have begun moving back into a handful of biotechs and cash and will branch out into a small amount of SQQQ or similar. Still hold a small amount of energy. My biotechs I hope have catalysts that will allow them to move up even in a poor market. But not as much of course. I feel free to trade for even a 3 or 4% gain if I can get it. I see no reason to expect anything but small gains and profit taking except in a small number of stocks I rarely seem to find and buy at the right time. Bourbon time adds to the length of my rambling post. My apologies.