I believe we are still in the middle of a very strong bull run. People are still too defensive, showing no sign of extreme greed yet. Overvaluation is not a good reason for a crash. We would need a disaster like the pandemic, or scam/fraud financial products like derivative mortgage securities to cause a good enough crash. Any drawdown caused by overvaluation is just a taking-profit pullback.
There's no significant enough scam going on in the stock market. Overvalued companies have real product and real profit. I remain an ultra bull and projecting our near target to be 5k. If by then people are still screaming crash crash crash I think we will reach 10k. Market will top when the most stubborn bear turns bullish.
See you there at 5k!
There's no significant enough scam going on in the stock market. Overvalued companies have real product and real profit. I remain an ultra bull and projecting our near target to be 5k. If by then people are still screaming crash crash crash I think we will reach 10k. Market will top when the most stubborn bear turns bullish.
See you there at 5k!
Kidze
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