The huge stock gains in the last 3-4 years reminds me of the housing market 10 years ago. A huge upswing in a short period that resulted in a big mess. What fundamentals do you guys see in the stock market that dictate these huge gains being anywhere near sustainable? Serious question as I have not a clue. I know interest rates and a stronger economy have freed up discretionary income but to the tune of a 200% rise in stock price? Are we experiencing some new circumstances in the stock market that go against the historical grain?
Greg, I say that all the time, there is never anything wrong with taking a profit. I can say with absolute certainty that there have been times in the last 15 years where I would go back and park money in a safe place after taking a profit.
I'd like to hear some other perspectives on the market.
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Todd
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