A shortened trade week was no obstacle to the various indexes and averages climbing to new record highs.
Cypto and gold were not left out of the party.
The beginning of the holiday season found shoppers out spending record levels.
There were even box office records set with the new Disney movie.
It is a time to make merry and enjoy the good times.
Far be it for me to play the Grinch or Scrooge at this point. It is hard to see what, if anything, can stop this train from moving ahead.
You only have to look at your retirement account performance to date this year.
We do have a labor measure this Friday that might give the Fed pause before lowering rates another quarter point.
There is little evidence that the economy is cooling.
Inflation is not rising, but it isn't getting any lower either.
It is difficult to be the canary in the coal mine.
Not all stocks are participating, however.
Intel's CEO resigned this weekend after three years on the job.
It was not so long ago that the chip race was between AMD and Intel.
Now we have Nvidia leading the pack.
Change is happening at an ever faster clip.
AI has moved the needle as to where we go next.
Most of the recent setbacks in individual stocks have not come from bad earnings.
In almost every case it is good earnings that were not significantly better than expected along with conservative projections.
What we have are stocks priced beyond even perfection.
That will change but it does not mean the end to the game.
A correction is not a bear market.
Corrections are actually healthy.
My real concern is that we have not had a correction in over a year.
That is unsustainable in my humble opinion.
I am at a loss in my investment perspective as there are little or no values in this market.
I am more than willing to ride out the gains and wait.
Patience is a virtue that many have no time for.
No pun intended.
The real winning solution this year is to just ride the wave up.
Having invested for over 50 years, I have seen enough to just let this play out.
It certainly isn't costing me anything.
When this all comes to an end is far beyond my ability to predict.
It will, in fact, end and the higher we are, the father we will fall.
That is a concern for after the New Year.
It seems that we will all be able to celebrate and be merry this year.
I don't question such and am grateful for any favors thrown my way.
It is the end of the tax year, so one should at least get rid of any laggards and offset against a portion of the winners.
If you have a laggard in this market, it is a loser and needs to go.
Beyond that, try not to spend beyond your means and enjoy the season.
