All good things must come to an end. You should be concerned when people who have obscene amounts of money begin withdrawing from the market. Why?
Do not be fooled. The markets are headed lower.
"Their numbers" are Wall Street's numbers. Wall Street sets the bar and creates the multiple out of thin air. If they set the bar low they are in pump mode. If they set the bar high, they are in dump mode. Right now they are collecting suckers making sucker bets. Pull your head out of the sand and you may notice that the economy is hanging by a thread, notwithstanding an infusion of trillions of dollars by the FED. All the "chosen" stocks hsve their day in the sun. But eventually Wall Street will banish each and every one to the darkness, as "realistic" multiples and earnings targets are demanded. But make no mistake. Wall Street investment banks are running scared and they will do whatever they can to forestall the panic that is looming on the horizon.
So it's a damn web site that traffics in personal information that is now the be all and end all. We are doomed.
They seldom if ever lose. Keep that in mind if you are tempted to follow their lead.
If it falls below 104 for at least five days, I think we may be seeing a leading indicator of economic hard times to come. If that happens, you may want to re-evaluate the hype surrounding iPhone 7.
Better luck next week.
... are about 10 to 20 percent, but growing. The DOW is hanging by a thread. The NASDAQ is close to red and dropping like a frog tossed off the observation deck of the Empire State building. The AEA team better start pulling or they are going to get another blemish on their otherwise spotty after-the-fact predictive record.