zeev
As said before there is one trend that will continue to put pressure on the market: the fact that the large Tech stocks are seeing a deterioration in their CAP.
The other trend, young companies that are disrupting the incumbents business model are obviously a positive for the market.
While subjective, from my personal experience and other contacts in the industry I see the second trend getting more steam, while the first remains about the same.
Hence, I'm pretty unsure how the market will behave near term, but I'm very BULLISH for the next 6-12 months. I probably should not have stated that I thought that the market will be 10 % higher by year's end (although IMO highly likely), but 6-12 months from now I do expect it to be substantially higher.
Alexander
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