You do understand the concept of reversion to the mean? It is the reason for rebalancing. I don't entirely disagree with your sentiment, but trees do not grow to the sky and there is a time to cut them, even MWE some day.
>>> It is the reason for rebalancing. I don't entirely disagree with your sentiment, but trees do not grow to the sky and there is a time to cut them, even MWE some day. <<<
I don't believe anyone here understands my sentiment about investing in the stock market, especially investing in MWE.
MWE is not a sacred cow. Nor is any other security I own, and I own 9 others. Whenever I have additional funds to invest, I review what I own and how each has been doing in relationship to each other and to the market in general. The BEST ONE GETS THE MONEY and the other 9 don't. The POOREST PERFORMING SECURITY gets whacked. So far MWE has performed better than the others I own most of the time and thats why I keep adding to my position. If it wasn't doing better I would be buying something else. I repeat, none are sacred cows and there was a lot of whacking going on in my portfolio in late 2008
IF MWE is holding 58-60 area at the current prices on NG, and the expected price will only rise, with more use of NG, then one would expect we(all you old farts lol) are in a sweet spot,,I see ups and downs ahead, but still a nice 6=7 year chart, but anything can happen on a daily period. JMO