Major US indices DOW and S & P are going higher and higher, and while I already wrote about this happening in these December months on account of seasonal tendencies, I do think sometimes about the reasons behind this. Of course, with years in the market, I have learned (earned) not to question, or predict … and I know it could be hard (some may even feel guilty!) since we are in a business where research and data abounds. But again, this business is not about being right, remember? It’s the business of going with the flow, if you’re profitable, hang and when it’s not profitable or profit is shrinking, well, get out! What I want to share in this season of Thanksgiving is this aspect of the business that requires “enjoyment”.
So again, when the moves are in your favor, we should learn to be thankful that it is going in our favor and NOT worry, NOT question, and absolutely no taking profits early! If you need help in this area, my book, webinars and workshops are all designed help you develop your business and become profitable.
There are of course people whose job is to provide advice based on valuation who would be “baffled” by the continued strength of the market. As if, it’s the only basis of the market moving (uh, there’s more!). But as far as valuations go, the following video provides hints.
