BREAKING: The Dow Jones Industrial Average is on track for its 9th consecutive down day, the first since 1978. This is the *first time in history*, dating to 1896, that the Dow sank for 9 straight days while holding more than 5% above its 200-day avg or within 5% of a high. https://x.com/jasongoepfert/status/1869118616555381060
The S&P 500 $SPX price-to-book ratio has now surpassed its March 2000 peak, signaling valuations at levels not seen since the dot-com bubble. Meaning investors are paying more for stocks relative to the underlying value of companies’ assets than they were during the tech bubble. https://x.com/kurtsaltrichter/status/1869097485060215147
...think again about sticking with what has not been working (for awhile now) while we face overstretched valuations and markets on the brink.
...poor risk:reward is when your stock is dead in the water while US market going higher and higher, risking a great implosion at a near future date.
...a stock that does not do well despite overall market being still healthy, is going to do worse when the market collapses.
