$QQQ up 10% from Summer 2018 Peak

تم تحديثه
I stumbled on my "BEAR MARKET" chart from last year where the QQQ fell 23.5% from the peak last summer into year-end.... and just want to point out that with stocks, you have to deal with 23% corrections in order to earn a 10% return, because that is all the market is up from the highs last summer. Yes, it FEELS like the market is up a lot more, but it isn't. It is UP FROM THE LOWS but not much up from the highs last summer.

It's good to be rational when everyone is getting emotional and fearful about "stocks being too high".

There have been MULTIPLE bear markets over the past few years especially in various sectors in what has been a "ROLLING BEAR MARKET".

Private Equity was probably the biggest bubble and that has had a massive bear market, perhaps as large as 50% as private valuations have collapsed from ultra-high levels.

Energy stocks have been in a multi-year bear market that has wiped out 50%-75% of their valuations.

Growth stocks have trounced value stocks over the past few years and value stocks are at low valuations poised for a new bull market RELATIVE to growth stocks as investors rotate out of growth back into value.

As the year winds to an end and investors close the books on another year, I felt it was worth sharing these observations with you.

ملاحظة
XLE Energy sector is still off meaningfully from the peak over 5 years ago in 2014!

لقطة
Beyond Technical AnalysisChart PatternsTrend Analysis

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