10:57
Unknown
First it was Fed's direction for interest rates, it calmed down
Secondly it was USA vs CHINA trade squabble, it calmed down
Thirdly it is Corona Virus and its worldwide impact, it is calming down also.
Through all of the above and many mini crisis like Iran attack, impeachment, US markets kept making new all time highs...
WHY US markets are making series of all time highs?
IT IS because since Y2K boom...US stock market went into reverse and hit lows in 2008...an 8 year reversal.....
All we are doing is currently making up for lost time from 2000...a 12 year wait till we came back to 2000 highs......
From 2012 to November of 2018...we made very gradual new highs.....
Since November of 2018....we are having a sustained uptrend where TAPE is ignoring / digesting many issues quickly.....because it wants to go higher....
Time wise this uptrend is only 15 months old....in a very slow uptrend making series of new highs.....
WHY this uptrend is having legs.....because " froth is gone from most world economies " they all having to adjust to slowing GDP worldwide, thus it is more efficient in projecting Sales & EPS.....
Reckless behavior of Y2K is gone and conservative / sustained move is happening....
SO..have key stocks in your portfolio where growth is sustainable going forward.....
5G is a major catalyst going forward, still in early stages.......
Get ready for another leg UP in this market...fast and furious!!!!!
Good luck with your own analysis and comfort level.
BLOG does NOT give buy or sell.
Saleem
Posted in: Mixed
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