U.S. stocks ended October at all-time highs
The market hit a record high at the end of October.
Despite the disappointing earnings results of some big names and rising inflation concerns, October shaped up to be the best month of the year while the broad market indexes are broaching their new records.
Despite the disappointing earnings results of some big names and rising inflation concerns, October shaped up to be the best month of the year while the broad market indexes are broaching their new records.
The $S&P 500 Index (.SPX.US)$, the $Dow Jones Industrial Average (.DJI.US)$ and the $Nasdaq Composite Index (.IXIC.US)$ has climbed around 17% to 23% year to date.
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The Wall Street veteran Doug Ramsey said that it looks like the market melt-up has just begun. What is melt up?
Melt up is a term that refers to an unexpected rising in the stock market, which is mainly driven by investor sentiment rather than earnings growth.
Some investors would flock into buying stocks for fear of missing out on opportunities, pushing up the stock market. That is, what we usually call FOMO.
Chris Harvey, head of equity strategy at Wells Fargo Securities, resonate with the idea that “We'll have the equity market melt-up. We'll bring stocks to a level where the fundamentals and valuations don't support them.”
He predicts that the year's biggest bull won't extend into next year.
Do you agree with him? What should we do when the unpredictable market is ahead?
Investment gurus share their views on how to choose the best stocks and avoid risks...
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$Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Berkshire Hathaway-A (BRK.A.US)$
$Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Berkshire Hathaway-A (BRK.A.US)$
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lusy bubb : Will we see the stock market crash?
THEWIZARD :
最紧要有牛牛换 : nice!
Street Outsider : The market is somewhat irrational now.
ur wifes boyfriend : standing by for the Moass
54088 FROM MBS : Any tips???
Aivern : get your bullets ready. there's nothing that indicates a crash, but a correction is due!
DonXJulio : The market is not crashing, it's adjusting to the new lift style norm. I bet money by the year 2070+ people are going to be walking around with robot boyfriend\girlfriend (s)
Kwa Hock : Low Buy High Sell
DonXJulio : I take my earlier statement back. The market is crashing, everybody panic