Don't lie... you took a look at Kim Kardashian's rather supple behind and top this week. Some say it broke the internet. Truly a marvel of engineering... and it certainly will give woman around the world another reason to feel inadequate.
For those of you jealous of the woman's curves... time will cure all those perfectly crafted lines. But for now.... let's enjoy it. Which brings me to the recent record high stock prices. Enjoy it. Embrace it. Smack it. Love it. I have talked in my videos many times about this market and its move to record highs. In those videos I ask why the bears are so quick to short this market. Embrace it. Put your head next to this market and give it a kiss. Stick your head right between those two trendlines and move your head around in it. Sometimes there is no better place to have your head than stuck between two supple trendlines.
There is nothing wrong with embracing a rally. Bull, bear... we are all here to make money. The trend remains firmly and robustly to the upside. Why fight those tremendous curves higher? Stick your face in there..... your going to like it.... I guarantee it.
It's been 5+ years of stock market rally. It is likely a rally we will never see again in our lifetimes. Do we chase it here? Or do we wait for a better spot to enter? Perhaps the top is in?
I'd love to sit here and tell you the top is in. I've seen quite a few nice tops in my day, and even Kim Kardashians is quite lovely, but I can't outright call a top in stocks here. There is more going on behind the scenes than we can even begin to comprehend.
Everyone likes to compare the market to other time frames. But I think it is different this time. We have central banks around the globe unwilling to let asset prices drop, they won't let them sag. They want a robust, full, more than a handful, market. They want asset prices to bounce higher. They don't want wiggle in the figgle.... if that means anything at all.
So where does this robust market start to fail? Where can we look for the sag to start? When can those perfectly sculpted asset prices start to fall?
It's when the herd stops grabbing the junk in the trunk. Look at junk bonds. Soaring here along with stock to record prices. When we see the junk in the trunk start to slide, rest assured stocks will fall with it.
The Junk in the Trunk hold the key. When the trunk starts to sag....