Well…I think so and I’ve thought so for quite a while. Earlier this year when we were going through a corrective period; I spent a great deal of time studying the major indexes ($SPX, $COMPQ, $RUT, $DJIA). In doing so; I did what I urged many to do.
That is, to tune out the masses and overwhelming noise that make-up pundits. While these “informed” folks were talking about a major stock market meltdown; I tried my best to look at things with objective eyes. This decision proved to be beneficial. I am not sure exactly when it happened; I suspect; sometime around February or March of this year; but I concluded that the Markets weren’t going to crash but; in fact, go on to make all time highs.
I alerted free subscribers to this in early May of 2016. Here we are nine months later and it seems as though my trajectory has some footing.
Obviously many can argue that we’ve had some swift pullbacks (Brexit; Election night) but in spite of this, my thesis has more or less held weight.
If you’re wondering; I haven’t waivered much regarding where I believe we ‘top’ out and to answer my initial question; “yes, I believe there is room for the Stock Market to run”.
Take a look at the write up I provided to free subscribers in May/’16 with my thesis regarding the Markets. To quote myself; I indicated, "...we move forward and go on to hit all time highs. My target is aggressive and outlandish to some; but I believe we top out around 240-250 [SPY]. A return of 20-25%."
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