No doubt about it, it’s a bull market with strong momentum. What is your WTF moment, this is getting crazy and make you sell? Not that it seems to matter but noting that current FTM S&P500 has been cheaper than current valuations 99.9% of the time over the last 70 years.

The S&P 500, on a trailing basis, now has a 27.4x price-to-earnings multiple. Only 0.4 per cent of the time in the past 70 years has the multiple been so rich. On a forward 12-month basis, only 0.1 per cent of the time has the market been more extreme than its current 23x. As for the Nasdaq, it, too, is in the top one per cent of valuation rankings ever recorded. What would it take for you to sell out of the market? Valuation, vaccine delay, correction x%, election outcome, etc.

Submitted September 02, 2020 at 02:50PM by bull_mkt https://ift.tt/2YXfSsg