Is it me or is the market starting to look overpriced? Sentiment is extremely positive, commodities and equities are moving up. Is it justs me but we still do have a very large European issue, China is still trying to slow it's economy, India is a mess and the emerging markets are having their issue. The big issue for me is going forward with reduced demand from areas such as Europe (recession) and China (look at their 1 yr stock market performance) an overall global slowdown should cause a multiples compression. So valuations at these levels are starting to look very expensive. A short op?
Happy trading.
Happy trading.