The Water is Warm but the Tide is High
This is the same title I just put on a note I am sending to my BLFG clients today about the markets and where we are. It seemed to sum things up pretty well. The thing about the tide is it continues to ebb and flow as the environment changes around it. The only real difference in the markets is they don’t follow a set schedule, but they do have the ebb and flow.
Right now I believe the markets water is warm. This most recent consolidation is a perfect example of a strong market taking a breather after a fast run off the low tide back in early October or maybe even late August. Could it have further to go and more pullback to come? Sure, the tide is certainly high, but that doesn’t mean you can’t go swimming if you understand where you are and remain careful. Just continue to be aware of your environment and make sure you get out of the water when the tide starts to go out because the undertow can be a bitch if it catches you by surprise. Oh yeah, one more piece of advice… make sure you park your car far enough away unless it gets higher before it is time for it to go back out!
Good Luck! it is there for the making!
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