My favourite money author, Marcus Padley (‘The Honest Broker’) agrees with my sentiments on how the sharemarket is looking.
He says – “The US S&P 500 index has just recorded what is being described as the longest bull market in modern history and the index is now higher than the record in February, from which we saw an 11.8% sell-off in 10 days. The US market is very close to being technically “overbought” once again……