j-dub

Stocks to Watch as Market Leadership Changes Hands

"I have two main thoughts on Thursday's market.

The first is that the bull market is healthy as a horse, and it will remain healthy until enough people stop arguing with it, questioning it and simply denying it."

"The second is that market leadership is probably beginning to narrow, as the identity of the greatest growth stories becomes clearer."


I have two main thoughts on Friday's market.

The first is that the bull market built on straw is over. I just compare the volumes between Thursday's snapback and Friday's plunge. By 2PM Friday's volume equaled all of Thursday's.

The second is that this is not 1999. Extreme overvaluation and the indisputable force of gravity have a way of meeting up in a dark alley with only gravity walking out alive.


But anyway, thanks for recommending a company with a 50 foward PE, Mr. Lutts. The readers at SA owe you one.