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Tops are very hard to call.

But, I note that we're at an all time market high while breadth is terrible.
Nasdaq NH-NL has been negative lately and is around zero, give or take, depending on the smoothing you use.

Historically the combination of market highs with negative breadth within a few days either way has not been a good omen.
Depending on how you check these things, about 1/3 of such times turn out to be market tops.
The other 2/3 tend to be intermediate tops on the way to The Top.

I don't think the market is topping out right now, but then what I think has little importance.


Well, my secular bull market roadmap suggests another 5–7 years of outsized returns.

This sounds a little bit like it's the opinion of someone with something to sell.
Outsized returns---meaning above average.
Meaning, in effect, prices rising faster than earnings, and things getting yet more expensive.
On some metrics the broad US market is more expensive today than it has ever been in history.
On other metrics, it's merely very expensive compared to history.
That doesn't mean we're at a top by any means, but expecting another 5-7 years of multiple expansion starting here sounds like a bit of a reach.
Is the guy willing to put money on his prediction?

Jim
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