Quote:
Originally Posted by wwkayaker
I have been hesitant to purchase any stocks for awhile and have been accruing cash in case the market drops. The valuations for companies that I’m interested in owning don’t make sense to purchase at the moment. Some of the gurus I follow have either pulled out of the US markets completely or are sitting on lots of cash in anticipation of a pullback. That being said, experts have been warning of a recession for some time and nothing has happened.
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Whatever you do, do not follow gurus. We've had hundreds of new highs on the NYSE in the last 10 years. Almost every time there's a new high or close to a new high someone says it's all over and we're over valued and the crash is coming. One day they will be right but that day will be when trend lines are broken not when someone calls it a high. You'll see it coming if you know what to look for.
I think there's just an abundance of money out there. The top 500 funds amount to over 100 trillion in value. And there are thousands more funds out there. Even with the influx of IPO's we see now there is still a drive higher.
Trump will mangle things eventually but it might take some time.