The Fed Chair really isn't concerned about the bubbly action in the stock market.
You buy stocks of secular growers, the ones that have particular engines developed by themselves that allow them to fly into headwinds without a problem.
I'd venture to say the market is even now looking past the November election results and into 2021 to see what might be in store.
Other than taking profits, I'm not interested in putting on new trades.
Time to make the leap from avoiding overvalued assets to actually investing in plays that will benefit from a reversion to fair levels of valuation.
What happened? And what does it mean for the recovery?
The good news today isn't being sold but we have to stay vigilant and see if the positive price action continues.
Let's look at the charts and indicators.
An unrelenting rise combined with wild small-cap speculation in a difficult economy has market players struggling to understand what's going on.
There are some signs of a shift in market character so stay vigilant but don't be too anticipatory.