“Aint it great” is a phrase I remember hearing as a child. You see, I had family members who were active Amway distributors. I have fond memories of listening in on meetings in which the presenter drew lots of charts and circles, explaining how everyone could “live on Easy Street” if they would embrace the Am Way. I for one never quite understood the charts and circles but it didn’t matter because all of the grown-ups kept saying “Aint it Great!”
Investors I guess feel the same way these days. Can’t figure out why the market keeps rising but …. “Aint in Great!” Frankly, stock fundamentals stink but the charts look terrific. Market technicians, those brainy folks who track market momentum and investor emotion, are creating charts and drawing circles. Many of them see opportunity as cash re-enters the market from the sidelines.
That being said, when the trend reverses, be prepared for a significant market correction. We have a strategy to protect protfolio values. Do you?
