Markets Erase The Following 5 Words...
1. Overbought - It appears that the markets now can never be overbought.
2. Overvalued - Stocks cannot be overvalued when they continue to go up every day.
3. Downgrade: A downgrade of a stock's rating is an absurdity. Yesterday, for instance, Home Depot's management and industry professionals issued warnings about the company, yet the stock went up, while analysts applauded.
4. Volatility - Simply put, there is none.
5. Correction - This outmoded concept is a thing of the past.
RE: And add the following...
...phrases:
1. "This time it's different"
2. "Permanently high plateau"
3. "New paradigm"
4. "Get long or be wrong"
5. "Earnings don't matter"
6. "The market ALWAYS comes back!"
7. "Real estate ALWAYS goes up!"
RE: And subtract the following...
"We're overdue for a correction."
"There is fear among investors."
"The markets are reflecting economic fundamentals."
"The top is in."
"We're witnessing a sell-off today as the Secular Bear has returned."
"There appears to be irrational exuberance in the markets."