The media is rah-rahing today just like I said they would in recent videos. But don't forget...no amount of cheerleading…

Also, notice that the Dow Transports aren't making new highs. That's a bad sign. Also, so far anyway, no other major indexes are making intraday highs (Dow Jones Industrial Average, NASDAQ, Russell 2000, etc.). And even if other indexes join the all-time-high club, it just means stocks are that much more overvalued. It's like thinking its a good time to buy a house because hous prices climbed in 2006 and 2007, therefore it must be a good thing/good investment. However, it was not. It was buying something that was going up, yet was too expensive and had MASSIVE downside risks. That's where we're at in the overall stock market.

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Sean Hyman
EditorSean Hyman
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Sean Hyman
EditorSean Hyman
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