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Payne's Perspective: July 1, 2019: Not Too Exuberant

By Charles Payne, CEO & Principal Analyst

What an amazing week for the economy and the stock market. However, the naysayers are saying the same thing about both:

Trees don’t grow to the sky
Correction is overdue
Too much enthusiasm 
Not Too Exuberant 

Just because the stock market is at an all-time high, it’s a huge mistake, and media malpractice, to say investors are "euphoric," but the non-stop effort to trip the market never stops. The fact is that just as consumers have been on guard about the future for more than two decades, individual investors remain overly cautious. 
The fact of the matter is the financial media and the natural emotions of fear have once again spooked individual investors from a strong stock market. The experts are more fearful, although they remain heavily invested in U.S. technology stocks - and have been more wrong than usual. The bottom line is if you believe enthusiasm is a contrarian indicator, then this market is a screaming buy right now.

Click here to read the full report.

Charles Payne
Wall Street Strategies


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