Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
While the S&P 500 Index banged out a RECORD HIGH yesterday, and the NASDAQ Composite Index is within a hair of doing likewise, note that the Russell 2000 Index (IWM) is WELL OFF its record high dating from last year. And, as the Market declined -20% subsequent to that high, it is also off its subsequent peak in early May 2019.

As such, I fully expect we will remain range-bound, esp. given the Impeachment mess in DC, until it is NOT. Certainly it is UNLIKELY to break out to the upside here! What usually occurs (10/2018, 2015, 10/2008) is the Market declines a MINIMUM of -20% or for ONE YEAR, whichever comes first. So, I am not only a SELLER, but a SHORT-SELLER here!
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.