Although the NASDAQ is by no means at the end of the 1990s level, the DOW is in record territory and most stocks are sky high. However, given that there are really no good alternative investments for people these days (real estate is once again drying up), I think that the stock market will stay up there, even if there is a minor correction.
I bought more AAPL and a number of other stocks in late Spring 2010. Since that time, notwithstanding some hiccups in the financial stocks such as BAC, AIG, C, etc., the market has been roaring.
Just lately, some sort of a correction, but still – AAPL is over twice what it was two years ago.
Still upside room I believe.
My friend says: “All my technicals (OK OK, just lookin’ at the charts and taking an educated guess) tell me that the stock market is about to tank hard.
Each day it’s trying to reach for its previous highs, only to slip further, like a helpless climber who’s lost his grip on a steep vertical slope.
AAPL at 166 now, should be in 150’s in short order, then lower.
Let’s see what happens.”
My take: “Maybe, but I think people are still hunkering to buy.
I vant to buy! the masses are screaming.”