Market observers are fond of saying things such as “the market feels like it is a little ahead of itself “or “you should sell now because the market is set for a pullback, before proceeding.” “The market is at all-time highs” is another reason suggested for selling. None of these, the myriad of charts or even dismal GDP growth, makes any difference or sense if you take a moment for serious analysis.
Anytime someone says the market “feels” like anything, you can go do something else. Feelings are the downfall of investors. Making money in the stock market is anti-intuitive; it takes the careful analysis of knowledge to make the right decisions. Charts are near meaningless in an environment where governments are unpredictable, sabers are rattled, wars are started, tax laws are changed and politicians declare war on segments of the economy.