"The trend is your friend." ~ Wall Street adage
It seems almost everyone is sure the market is about to decline, correct or crash. Even perma bull Tom Lee is predicting a lower finish for the S&P in 2017. People I know have bought 2X inverse bear mutual funds
For me, the best strategy is to stay invested in the winning stocks. It seems they are hitting new highs on a frequent basis: Amazon, Priceline, Netflix and Facebook are prime examples. Google, Apple and Tesla are close but not as strong.
Who knows when the market will turn. But until it does, I'm not betting against the market and staying invested in the winners.
Disclosure: We own shares of Amazon, Priceline, Netflix, Facebook, Google, Apple and Tesla.
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