I've seen some incredible returns this year, don't get me wrong, but there comes a time when everything starts to feel too good to be true.
I will let this article do the talking, then I'd like to hear what everyone thinks:
http://www.currentmarketvaluation.com/models/buffett-indicator.php
My (frustrated) personal take:
Already large market cap companies are regularly jumping 5-10%, day after day, without any pull back or news. It seems like general sentiment is excitement as more money is flooding into the market. I personally am both confused and frustrated at this point (despite benefitting greatly from all of this so far), because the movement of these stocks just doesn't make sense.
In my completely and utterly unprofessional opinion: this is not a "bull market". This is purely and simply euphoric buying.
Submitted December 10, 2020 at 02:48PM by squench2000 https://ift.tt/376I80j
