Another day, another record in the stock market. Records always make me think “bubble.” S&P 500 at 1,553.35, Dow at 13,916.19, Nasdaq at 2,704.22. [CNN Money]
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{ 3 comments… read them below or add one }
Glad I’m not the only one feeling this way. Maybe it’s because I’m gun shy having lived through the dot.com bust. I’m sort of standing real still with my eyes clinched tight, waiting for the . . . BOOM!
Bubble? Huh? Where’s the crazy valuations? Where’s the irrational exuberance? Did I miss something? Boy, you live through one bubble/bust cycle and you turn into chicken little.
Will there be a correction in the near future? Yes, I think so, the market lemmings are going to get scared and pull some profits, but the general direction is up, people.
Until I see investors getting exited about “zoopoo.com” (aka idiotic investments) again, I don’t think we’re treading in bubble territory.
Hmmm, not a big boom . . . but if we look at the loses in the DOW the last few days (it’s July 31st today), I think some of our hesitations were warranted.
Maybe my “chicken little” meter is a little sensitive, but it’s accurate none-the-less.