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VRA Letter: The S&P 500 Joins the ATH Party. 10/12 VRA System Screens Bullish, With Room to Run. Quite Possibly the Strangest Thing I’ve Seen in My 38

Good Monday morning. With the Dow Jones, Semis, Nasdaq 100…and now the largest and most important equity index on the planet, the S&P 500, closing at all-time highs on Friday…that sound you hear is investor’s opening th ...

Posted On January 22, 20244 MIN Read
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Good Monday morning. With the Dow Jones, Semis, Nasdaq 100…and now the largest and most important equity index on the planet, the S&P 500, closing at all-time highs on Friday…that sound you hear is investor’s opening their brokerage account and 401k statements over the weekend and realizing their exposure to the stock market is likely too low.

Once we hit all-time highs in an index (or a stock), every investor with a position in that investment is in the green, a powerful motivating force that tends to result in continued “higher highs”.

As my first mentor Ted Parsons liked to say “bull markets don’t really even start until we hit new all-time highs. That’s when the real party starts.” Ted left us some time ago but I believe he’d be aggressively long this market.

Let the “real party” begin. RIP Ted, on your no doubt massive sailboat in the sky.

VRA Investing System Update

As we start trading today, even as many of our leading indexes and sectors are hitting ATH’s, an...

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