Weekly Market Recap: Danger Of A Bearish Stampede?

Bullish stampedes like we're seeing now tend to reverse direction

The S&P just hit a new all-time high for 5 straight days over the past week.

It missed doing so again on Friday by the thinnest of whiskers (0.07%)

Portfolio manager Lance Roberts says it’s clear we’re now in what’s called a “bullish stampede” in stocks, where rising prices entice more investors into the market, leading to even higher prices, and so on…

It’s a lot of fun if you’re long.

But realize that pure emotion is driving the action, not logic.

Which is why bullish stampedes tend to be short-lived (a few weeks, maybe) and often end by reversing into a bearish stampede.

Should investors try to ride these manic trends for all their worth?

Or step aside of the stampede?

For Lance’s thoughts, as well as the trades his firm made this week, click here or on the image below:

VIDEOS THIS WEEK

In case you haven’t yet seen them, here are the other videos that ran on the new Thoughtful Money channel this week:

• Debate On "Peak Cheap Oil": Fact Or Overblown Fear? | Doomberg vs Adam Rozencwajg

• Look Out Below! Housing Market To Suffer 'Aggregate Price Decline' This Year | Melody Wright

TM NOW ON PODCAST PLAYERS

Just a reminder that if you prefer to listen to my interviews on your podcast player, Thoughtful Money is now available on the major podcast platforms:

• Apple Podcasts

• Spotify

• Google Podcasts

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cheers,

A