I'm still long SPY despite all the noise and BS i see on CNBC. Over the last two weeks, so called "experts" have appeared on Business Television shows, to either call the top and say the market will crash like in 1987 , or expecting the S&P 500 to go up for another 28 %.....Seriously?? My favorite quote comes from Stephen Auth, Chief Investment officer of Federal Investors, AKA "wall street GURU", see quote below
"Market valuations depend on growth, bond rates and perceptions of risk, and all three of those are going in the direction that actually expands the price/earnings multiple. " o_O, What ??? If you have any clue what he just said, please elaborate in the comment section.
I'm keeping it simple and have no clue where the market is going. All i know is that the SPY is still above its 200 MA, therefore I remain long. Trade is up 64.36 % since December 2012.
Cheers
Algo
"Market valuations depend on growth, bond rates and perceptions of risk, and all three of those are going in the direction that actually expands the price/earnings multiple. " o_O, What ??? If you have any clue what he just said, please elaborate in the comment section.
I'm keeping it simple and have no clue where the market is going. All i know is that the SPY is still above its 200 MA, therefore I remain long. Trade is up 64.36 % since December 2012.
Cheers
Algo
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.