General Stock Ideas

[bigworld]

gfp: I'm of the opinion that once the market is allowed to break down, or the Fed can no longer prop it up artificially, that the downside will accelerate simply based on the current overvaluations. The market is priced at one of the highest PEs in its history. And the headwinds are many. The only tailwind is the Central Banks. At some point the mindset is going to be shifting from "Buy the Dips" to "Sell into Rallies". Right now investors believe that the Fed won't allow a meaningful correction so they are vastly over-invested in US equities. A bear market is 3 years overdue. But its coming.