The stock market has been in a "number go up" mode for a hot minute. Any crack in that theme was quickly squashed when Nvidia came out with earnings that were eye popping as their business continues to explode due to the AI chip demand.
But Ser, when blow off top?
Not saying we are getting a blow off top now, but at some point one always comes. That moment when things have just gone to far to fast and everyone has already jumped in.
Who knows if that is next week, next month or next year. The thing I know from 20+ years of messing with the market is that it will happen.
I'm not betting the farm trying to time it though. That is a recipe for losing money.
What's that saying....
- Don't stand on the tracks when the train is coming through
Occasionally I do put on short hedges to protect some potential downside on my long side portfolio.
That is just prudent investing though.
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