Certainly agree with you that it's easy for me to make that statement on
the shoulders of a long bull market though.
Not exact matches
You
should also be aware
of what type
of longer term
market you are trading in: RSI targets need to be amended for
bull and bear
markets.
World growth will remain low on average but negative in the UK and Europe; price inflation will remain sufficiently subdued for a while
longer so as to impose no constraint on monetary expansion; central banks will sustain a regime
of negative real interest rates and rapid monetary expansion; the risk
of a eurozone collapse is off the table for now; finally, stock
markets should continue to perform better than expected, even though the four - year old cyclical
bull market is
long by historical standards.
If sellers become exhausted in the coming weeks, the price
should make new highs for the year... The
long - term Bitcoin chart is extremely bullish, with solid support for the current
bull market in the form
of extreme volume.»
Nobody
should be surprised that after having totally missed the fourth
longest and fifth most powerful
bull market of the last 100 years, the bears draped into professor Shiller's CAPE would decide to do a more thorough inspection
of the fabric that made them so comfortable and confident during the past several years but which is making them feel totally naked now.
With asset prices so high, and considering that we're almost 9 years into one
of the
longest bull markets in U.S. history, investors at this point need to have a plan for what they will do if asset prices
should fall.
We are most interested in stocks that appear currently undervalued relative to
long - term business fundamentals, as well stocks that offer some degree
of counter-cyclical or contrarian defensive characteristics
should the US - led, central bank - fueled
bull market eventually run out
of steam.
However, the effects
of this
should be more short - term than
long - term, so I still stand by my
long - term
bull market belief.