I really think that for the overall market it's a bit of a grind, right now. |
I'm not sure how much farther stocks can advance given the outlook for rates. |
If the market goes down, you won't have a defensive posture. |
The impetus for the market to go up today was really inspired by the rebound in tech shares. |
The stock collapsed back down to 6 in two months because (the company's) growth rate was 650 percent in 1995 and it slowed to 87 percent in 1996. Eighty-seven percent is fast growth -- but it's at nosebleed valuations. |
There's this spider's web of corporate earnings. Companies are making the bottom line, but the outlooks are tepid and cautious. It's giving the market some pause. |
Unless you're very early (buying) a momentum stock, you're going to be subject to serious volatility. |
We've had such a good market that a lot of strategies have been shown to work. I don't think you should drive by looking in the rear-view mirror. |