The Nasdaq composite briefly hit a record high this week, before falling back slightly, with countless tech stocks now at record highs.
The S&P500 and Dow Jones are also relatively close to the records they hit in February.
This isn’t a prediction about the future direction of stock markets, but once again shows the unpredictable nature of the stock markets, as I mentioned in a recent article for a Kenyan publication/magazine.
And yet, let’s face it, fear mongering and sensationalism sells in a way that calm analysis doesn’t.
This is one of the reasons why the author of the “Rich Dad Poor Dad” bestseller is so successful as explained in this video below:
Markets might go onto hit record highs in the next few weeks, or might fall hard.
Nobody knows. That is the point and why you should ignore the hysteria online and in most mainstream media publications.
Was the market valuations in the middle of the March panic a once in a generation opportunity to invest at lower valuations?