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re: Why do the talking heads keep mentioning the 150% run up in the last 4 years

Posted on 8/21/13 at 9:38 am to
Posted by LSURussian
Member since Feb 2005
127160 posts
Posted on 8/21/13 at 9:38 am to
quote:

the market is noticeably overbought
Based on what metric? You may be correct. I'm just trying to learn something here.
Posted by dewster
Chicago
Member since Aug 2006
25445 posts
Posted on 8/21/13 at 11:32 am to
quote:

Based on what metric? You may be correct. I'm just trying to learn something here.


I'm not nearly as business saavy as you, but I've noticed that some of the companies these talking heads are mentioning in a panic have recently reported some pretty respectable earnings. I'm going of the assumption than I'm probably missing something though.
This post was edited on 8/21/13 at 11:33 am
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89753 posts
Posted on 8/21/13 at 12:26 pm to
quote:

Based on what metric?


I was basing it off the large number of stocks at a 52-week high. Some of that is based on earnings, but some of that is unbridled optimism. Unfortunately, even with good earnings, once that unbridled optimism wanes - well, we typically see a 10 to 12 percent dip in the market, overall, primarily on the backs of those stocks at the 52-week high mark.

Just as a rising tide lifts all boats, when the tide goes out, everybody is likewise, high and dry.
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