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We’re Not In A ‘Bubble’ But Chances Are 60-70% That One Is Coming, Credit Suisse Says
While I tried to make sense of this link, it seems to say that the "market" is reliant on the "bigger fool" hypothesis for further highs. I'm trying to decide if I should sell my value buys even if they are under water. OTOH, VHCOX and VPMAX are positive for the year, and it's difficult to justify taking profits (scant, but real) there.The stocks made sense when I bought them, so they may be good in five years. Since I'm 3 to 4 years from retirement, guess I'll sit, wait for a 10% drop, put in 50% of my cash when it happens, and decide if I like beans and rice if the market doesn't respond in 3 years.
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OTOH, VHCOX and VPMAX are positive for the year, and it's difficult to justify taking profits (scant, but real) there.The stocks made sense when I bought them, so they may be good in five years.
Since I'm 3 to 4 years from retirement, guess I'll sit, wait for a 10% drop, put in 50% of my cash when it happens, and decide if I like beans and rice if the market doesn't respond in 3 years.