I wrote a blog a few days ago titled The Stock Market Is Probably Peaking. I lay out a few arguments that the stock market is probably in the process of peaking. Tops and bottoms are processes -- not a single day event. Today the momentum names, the NASDAQ and small caps are all down 2 to 10%: a big selloff on a Friday. It feels bad this Friday afternoon, but things could look a lot different on Monday. I added about 5% of equities to my portfolio: I added Solar City (SCTY), Micron (MU) and a Solar ETF (TAN).
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The Stock Market Peaking at Same Valuations…
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I wrote a blog a few days ago titled The Stock Market Is Probably Peaking. I lay out a few arguments that the stock market is probably in the process of peaking. Tops and bottoms are processes -- not a single day event. Today the momentum names, the NASDAQ and small caps are all down 2 to 10%: a big selloff on a Friday. It feels bad this Friday afternoon, but things could look a lot different on Monday. I added about 5% of equities to my portfolio: I added Solar City (SCTY), Micron (MU) and a Solar ETF (TAN).