Why should stocks go higher from an already high level?
Nasdaq just had a 17
year consolidation! In 2000 it reached 5000 points in 2017 it surpassed again
5000. Can it go higher. I guess yes. Why should stocks go higher from an already high level?
a)because that is what
usually happens. (higher highs keep coming one after the other)
b)perhaps the
productivity shock form the internet is going to be felt 20 year after the
introduction
c)perhaps there is less
and less supply of equities (number of listed equities keeps falling)
d)perhaps there is too
much money chasing opportunities
e)perhaps the markets
are feeling that the pace of progress is increasing (half of all patents in
history have been filed in the last 10 years (I just came up with this number from
my head but could be more a less correct))
………………..
Perhaps the low for
2018 is in, 9th of February last Friday.
It’s not always a Bull
Market
Enjoy the Bull and the
weekend
more about the same:
Share story
0 comentários: