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Friday April 20, 2018

Quote of the Day

"But man is not made for defeat. A man can be destroyed but not defeated." - Ernest Hemingway

Richard’s Thoughts on Level Setting Expectations

Richard’s Comments


It was a good week for stocks, but the advance was not based on great values, it was based on expensive stocks becoming more expensive. In this kind of environment, the question becomes (at least for me it becomes) – "If I want to participate in the rally, how much do I dare risk?" Ah, that's always the question when stocks are in an historically expensive area. Because expensive = high risk.