The trap with Kohlers market overbought alleged "analysis" is that it is based on FORECAST earnings. The current earnings season in the US was widely considered excellent as over three quarters of the reports beat analyst expectations, when analysts then adjust their forecasts from the report guess what happens? the market is no longer considered overbought on a forward pe basis within the blink of an eye.
Analysts overshoot earnings at the peak and underestimate at the bottom, happens cycle after cycle. Not saying we wont get a pullback as everyone knows nothing goes in a straight line, however IMO the dips will be bought into unless something unknown comes out of left field.
