prudentinvestor

History Favors the Bulls

Yes, the technicals are very bullish, and charts and sentiment suggest further climbs into the bubblesphere.

Yet the fundamentals are even worse than when this crisis began, since its "resolution" has been to adopt the mistaken policies that led to the recent crisis, but adopt them with even greater vehemence. This suggests that another, greater crisis, is in the making; and no one can tell whether it is weeks, months, or years away.

After 30 years of buy and hold, I've learned to take profits while they're still on the table, and suggest that savvy individual investors should not be too greedy in riding the uptrend, while it lasts, and lock in some profits along the way.