4%

If the monthly chart of the COMP is to be believed, 4% is the ‘reward’ side of the risk/reward equation in tech stocks.  COMP could gobble that up in 3 days.

comp

Bulls have surely won.  The market has gone much higher than I for one thought it would when I got bullish on its prospects in late 2012.  Much higher; but then I am not a bubble chasing momo.  I am a conservative player with a negative view of the mechanics that have produced this bubble.  Still, there is no use denying its reality.

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