I am what uncomfortable with the last two week results on the stock markets. It is good for those who made good profits,but will the uptrend last ? 2 thoughts here :
1/ Company results were quite good. And for those that were not good (MSFT, AMZN), it was “ignored”, what leads me to the second point
2/ Don’t want to start discussions here, but I think media plays an important role in the way that news is brought. They can do it in a positive way and in a negative. And just as they might have overreacted in the falling stock markets last year, they might be overreacting now.
@ point 1 : I refer to a quote :
The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it. Michelangelo
Weren’t the targets set too low for companies ? Is it because they reach the target that we have a turnaround ?
@ point 2 : This interesting article gives a good reality check. Read it as a counterbalance in the last two weeks euphoric news items about the economy
I sense that new hard figures in the coming weeks/months will cause a decline in the stock market. (I am not holding short positions right now, but will watch the stop loss activations closely)