Today I continue yesterdays theme of confusing titles. Almost no one says the the in is top. But how often have we heard the top is in?
Clearly its in this time around.. right? Stocks at historic highs. Interest rates no where to go but up.. right? And of course asset prices no where to go but down.
We are finally getting into important FED meetings. Todays FED meeting this afternoon is highly anticipated. With inflation high and interest rates low... something has to give... right?
Maybe the Top is In... for real this time. I mean it.
In reality the stock market has been in a topping process since the great round rock boom of 12,500 BC. Imagine that. I'm sure there was one caveman clicking rocks together years ago, and his entire village doubted his claim he was about to make fire. They were shorting his basket of stones. And sure enough.... they got burned.
Times change but many things stay the same.
Let me cut to the chase. And I've been saying this every year since the financial crisis ended. The top isn't in. And even if it was, if you have a reasonably long term time frame, you should almost encourage a sharp market correction.
Cheaper prices mean you get more shares for the same $$.
Stocks will continue to head higher in the years, and decades to come.
Yep.. I'm calling it.
Think about all the fear mongerers warning of a massive market crash. Sure it would be great to sell everything RIGHT at the top and then buy everything for 50% less at the precise bottom.
Timing the market is impossible. And yet the trend since the dawn of man has been up. So while you can't perfectly time the market you can at least follow the trend.
The bears have been trying to time a massive market crash for 10+ years running. It is A FOOLS errand. But it gets them on the TV and on Marketwatch. Those shorting the market have got killed. Those staying away from the market for fear of a crash have missed out on the best bull market of our lifetime... so far.
And yet even when the crash came in 2008 and the bubble burst in 2000, going long into during and after wasn't a terrible thing. Actually it worked out quite well.
Let's not even get into individual stock prices.
However I will point out that AAPL was $1.00 split adjusted in 2000. And they've been paying out dividends for quite a while now too... so....
As we head into the biggest FED meeting of the year. Don't lose the forest for the trees. The in may be top. But the top isnt in.
I've got that forwards...
I'm making not sense.