Do not waste time worrying — commentary


Sure, it is a bull on a goddamn pogo stick, vaulting over a bear. Speak about tempting destiny…

However so what. If fading this cowl is your thought of “managing cash”, perhaps retire. If mocking it’s your thought of cleverness, delete your account. It is an previous joke that hasn’t been humorous in a decade.

Here is a pattern of a few of the commentary that accompanied the duvet:

HUSSMAN: The Cover Of The Latest Barron’s Is A Screaming Sign Of A Stock Market Top (Business Insider)

Why Barron’s Prediction of Dow 16,000 Favors the Bears (Minyanville)

Dow 16,000! Headline Indicator Sways Into Bearish Territory (iSPYETF)

Does Barron’s bull-on-a-pogo-stick cover mean it’s time to sell? (MarketWatch)

Dow Jones Industrial Average: Dow 16,000, or A Major Stock Market Crash? (ETF Daily News)

The End of the Cartoon Bull (Daily Reckoning)

I may put up 50 extra, however you get the concept.

The Dow 16,000 cowl, which got here out with the Dow at 15,600, was no extra ridiculous than some other “goal value” for the typical, all of that are based mostly on a mixture of math and emotions and guesses and unicorn nipples. The truth that the Dow Jones has superior by almost 10,000 almost-uninterrupted factors over the following 4 and half years is merely the icing on cake.

I have been responsible of considering an excessive amount of about what this or that journal cowl may point out. It is unattainable to not have an opinion if you see a pattern go mainstream – both you see it as supporting one thing you had been early to or as proof that the tip is nigh for one thing you missed out on. What you say about journal covers is extra indicative of what you need to be true than anything. It is not , it is f***ing mirror.

Nevertheless it’s a ineffective, facile statement that perhaps we should not waste an excessive amount of time with. Possibly we should always simply shut up already.

Extra from The Reformed Dealer:
QOTD: When valuation attempts are silly
Sometimes it’s not complicated
Investors will never get the answer to “Why now?”

Full Disclosure: Nothing on this website ought to ever be thought of to be recommendation, analysis or an invite to purchase or promote any securities, please see my Terms & Conditions page for a full disclaimer.

—The Reformed Dealer is written by Josh Brown, a monetary advisor for Ritholtz Wealth Administration and a CNBC contributor.



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