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I'm in a selling mood.
The market has nowhere to go but down from here.
The extra profits expected are already 'baked-in' to the market and those profits will be mostly used to buy back shares.
Increasing shareholder value, yes, but that is in the calculus of stock prices. And how they achieved such erational exuberance.
Time to sell and realize your profits before they evaporate.
We are back to boom/bust cycles again.
Like most smart investors, I make more money in boom/bust.
Cause I'm going to be taking those profits and shorting the market for starters. Just after all the mergers and buy-backs and job losses from them come through.
Just remember, Someone did tell ya in advance.
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