We're playing with fire when the market's hitting new highs
The market's hitting new highs and it feels like we're all on a roller coaster! I can't help but feel like we're playing with fire here. Let's just hope we don't get burned.
Inflation will drop, a year or two for sure. Some years 2-3%, some 7-9%. We had 2-3 full years of 8, 8 and 5% so going to 2-3 for a year or two wouldn't surprise me. Nothing rises at the same rate forever, but it will surge again.
Today is probably just a reason to push the indexes $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ higher towards my 5500-5600 range by end of year.
After that, it's anyone's guess. The indexes aren't worth that. My target would be 4000 again but who knows. It's all just subjective and the indexes are poorly weighted.
The higher the indexes go the more baby boomers conflate that to vote to save democracy in 2024, so that's fine by me if we live in stock delusion a bit. We have bigger issues than fairly priced stocks right now.
I'd be looking for a short entry near 5600 or just staying pat.
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- EvelynHoover·03-22I can tell he really knows his stuffLikeReport
- SiongZ·03-22👍🏻LikeReport