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URL:  https://boards.fool.com/don39t-forget-that-the-stock-market-made-a-big-34412935.aspx

Subject:  Re: Rotation to Growth Date:  2/15/2020  9:07 PM
Author:  pauleckler Number:  41652 of 41659

Don't forget that the stock market made a big dip at the end of 2018. Dec 24 was the bottom.

Hence, a big chunk of the "gain" last year was recovery from the big dip. People had all sorts of concerns about earnings. The tax cut boost was spent. Earnings were expected to tank or at least be flat. Seems like none of that happened.

Of course value stocks also took the dip and could have done fine but tech stocks had attractive stories once earnings started coming in.

Once again we have nay sayers running around. Prices have risen much faster than earnings. PEs are unusually high. There has to be a correction and a return to sanity.

But once again, that big 2018 dip is in all those numbers.

Talking heads are worthless. Stay the course while it works. Switch in reaction to news, not speculation from talking heads.
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