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Afternoon Note

Equities Soaring Housing on Launching Pad

By Charles Payne, CEO & Principal Analyst
11/21/2017 1:47 PM
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The market is soaring and for the first time in a while I feel there is a touch of panic buying.  The challenge for many investors that have missed this rally thus far is built in their reluctance to buy what they perceived to be “expensive” stocks.

Chasing at this point is part of investing, but it doesn’t mean necessarily to buy an overvalued name.  Macro fundamentals are rapidly improving which means several industries are rapidly improving while individual companies are obviously doing better.  In fact, there are stocks that are cheaper now than they were when the share prices were lower.

Existing home sales out this morning were better than expected but with the persistent hurdles.  


Comments
SALT comment - These high income tax states are so upset that they send more money to the federal government than they receive back. Maybe they should be reminded that income tax is a PROGRESSIVE tax and that high income states should help the lower income states just like high income citizens help lower income citizens.

James Webb on 11/21/2017 2:00:12 PM
Al Franken was chasing, look what he got...lol

gregg paucek on 11/21/2017 2:01:09 PM
 

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