as you might imagine, we have some thoughts
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all-time highs are usually followed by... more all-time highs:
"Generally speaking, stocks go up most of the time. A few of those highs will be temporary peaks but most will simply lead to even more highs down the road."
awealthofcommonsense.com/2017/03/all-ti…
(2)
counter-intuitively, the performance of markets after all-time highs is actually better than all other time periods (!)
"New highs are nothing to fear, in fact they are the cornerstone of every great bull market."
theirrelevantinvestor.com/2016/11/22/thi…
(3)
"Many new all-time highs are merely stepping stones toward the next set of new all-time highs, after all."
thereformedbroker.com/2015/01/04/new…
(4)
"Once you have hit an all time high, the very next month you are likely to hit another all time high. To be exact, of the 356 market peaks... ~90% of them were followed by another market peak within the next 4 months."
ofdollarsanddata.com/strike-while-t…
(5)
"Not buying something — anything — solely because it’s at an “all-time high” is, perhaps, the worst investing advice anyone could ever give (or receive) and evidences a total ignorance of investing fundamentals."
ritholtz.com/2013/02/dave-r…
"This is the single greatest challenge long-term investors face; finding new reasons not to sell."
theirrelevantinvestor.com/2016/07/11/ele…
(6)
"The market has been a wall for the dip-buyers. Impenetrable. They cannot get in unless they’re willing to pay the all-time high. It’s a high barrier of entry psychologically, esp. if counseling caution... to their clients."
thereformedbroker.com/2014/11/26/the…
"Although stocks have gone up for a long while, they haven’t gone up that much. This is consistent with our earlier observation of a slow gradual grind higher."
ritholtz.com/2018/01/2017-t…
(7)
"But just because there’s an all-time high does not mean that you are guaranteed to call a new market top."
awealthofcommonsense.com/2016/11/dont-b…
(8)
"Whenever we have big down days & it seems like the bull market is on last legs, I remind myself of this line from MLK: 'Even if I knew that tomorrow the world would go to pieces, I would still plant my apple tree.'”
theirrelevantinvestor.com/2018/02/03/its…
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