With stocks sprinting to their best start in 25 years, it seems there is a lot of temptation to either jump on, or bail out when in fact, neither is advisable.
"The hardest thing to do is to stay long entirely," Macke says in the attached video, "People keep pulling money out."
And yet, the Nasdaq is trading at levels not seen in 11 years, having gained more than 125% since the March 2009 lows and all of this happening a month shy of its 3rd anniversary.
Shorter term, traders point to Golden Crosses and to stats like 80% of stocks are now trading above their 50-day moving average, or that last year's worst performing group, the banks, is this year's leader. The Philly Bank Index (^BKX) has popped almost 30% in the past 2 months... read more.
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