As far as I’m concerned, stock prices have seemed to have gotten way too out in front of reasonable expectations. The run up in prices appears to me as yet another feeding frenzy caused by I don’t know what. I suppose one possible explanation is that a lot of the rise has been due to those feeling they we’re being left behind and so they jumped on in and driving up prices as a result. My simple opinion with regards to investors is that this correction, pullback, or whatever is to be taken as a sign that maybe the infamous irrational exuberance will be kept under control this time. Let’s hope so.
As far as I’m concerned, stock prices have seemed to have gotten way too out in front of reasonable expectations. The run up in prices appears to me as yet another feeding frenzy caused by I don’t know what. I suppose one possible explanation is that a lot of the rise has been due to those feeling they we’re being left behind and so they jumped on in and driving up prices as a result. My simple opinion with regards to investors is that this correction, pullback, or whatever is to be taken as a sign that maybe the infamous irrational exuberance will be kept under control this time. Let’s hope so.
interesting points, Tony. Thanks for writing, and listening.
Sherm