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Nasdaq declined 3. 4 . Its very rare that we can sustain this endlessly bullish move. Rallies end or take a break either by matador or by pamplona style exhaustion. Its the way the hot streak comes to an end is what matters. A big ugly decline is the matador. Second way out is a whim per. I like the smart. But i want you to know what the former might look like so you can be prepared in case that happened. Every once in a while i talk about the Fabulous Service i paid for from standard poors. Its anathema to many. After days and days of rally, the oscillator hit the level of 10, it is a level of danger, which means the market is severely overbought. Buy, buy, buy, buy, buy when stocks get severely overbought, theyre exposed to a level of quick shortterm vulnerability which would make it nuts for you not to do a little trimming from your portfolio. Sure, the market can say overbought for a while. When we see the number 10, its the ....
Or tweet me jim cramer. Could there be a better moment than to start thinking longer term . This is the perfect time for you not to be caught up in the law of the brexit vote as an island off the coast of europe, allegedly determines the fate of the western world. Even if the bulls have to be gratified by pulls that suggest the uk will choose to remain. And the s p gained 1. 34 and the nasdaq up 1. 49 . Every time i come out west to the one market headquarters in San Francisco, im reminded of how myopic and short term oriented we are on wall street. Versus whats all around us here. The connectives of the fabulous the executives of the Silicon Valley are determined not to let events keep them from pursuing the long term prizes that make for tremendous success and yes, riches for those who can own shares in their companies. At the risk of choosing not to be trapped by the prison ....
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