"Bulls Make History!" Time to sell? Or time to buy?
Answer:
For those who don't spend a lot of time in researching where to invest their money in the stock market, keep this in mind - it is usually too late to think about investing in the market when it's "Bullish", especially if it's making "history". What usually happens is that by the time the public learns of a bullish stock market, and thinks it's the perfect time to invest, they are rushing in to buy, pushing the price up. The experienced investors will take advantage of this and start selling, earning a lot of money. By the time the inexperienced investor realizes the market is going down, they will have lost some money, if not all of it. Please make sure to get educated in how to invest if you plan on doing it yourself (which can be fun and profitable) or find a broker who has YOUR best interest in mind!
The easy money's been made and there is bound to be some profit taking and a correction after this huge upswing so I'm definetely in the SELL Column.
Depends on the stock.
There have been any number of studies done running analyses of past trends and whether one could use some indicator to profit from them.
The results are that most of the time, about 60%, one can make a profit by following the bull trend. However, this particular market is in the very late stages of the bull cycle. Again based on history. This could be a last gasp.
There are some trends that are worrisome. For example many blue chip stocks are not doing too well. They are being left behind in this bull market. That could be a sign the market is about over with.
I've always been a stock picker and don't really follow indexes, but right now I'm not finding to many bargains in the market right now so I'm at a hold point.
But this market has held up very well even on bad news days so we'll see
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