Suddenly, Market Looks ‘Too High’ – Prepare For Opportunities Ahead
It looks like 2013’s happy stock market could take a tumble. The steady, upward drumbeat of the bulls fell on deaf ears this week, with “frothy” and “bubble” descriptions taking front and center. A good example is this weekend’s article in The Wall Street Journal: “Warning Signs Flash as Stock Market Soars to Record — Some Analysts See a Replay of the Go-Go Market of the Late 1990s,” complete with scary graphs and quotes. Summarizing, “Rising stocks usually create smiles on Wall Street, but these gains are also making some nervous.”
What on earth has happened? And what should we do?
This article is published on SeekingAlpha.com