February 16, 2021

To gain an edge, this is what you need to know today.

Biggest Stock Run

Please click here for a chart of  S&P 500 ETF (SPY) which represents the benchmark for the stock market index (SPX).

Note the following:

• This is now the biggest stock run in 17 years.
• The prevailing wisdom is that the market will continue going up.
• Hardly anyone disagrees with the prevailing wisdom.
• The chart shows that the melt-up continues this morning.
• Prudent investors should think of this situation in terms of a boat that is going fast and where everyone is on one side.  As long as the waters stay calm, nothing bad is going to happen by everybody being on one side of the boat.