"Irrational exuberance!"
Have noted some of your posts previously, and you may be in some agreement with the following ideas.
Having been a “financial advisor” for many years, I have forsworn giving advice on “the market(s)”, individual stocks, mutual funds, ETFs, etc. I came simply to understand that: 1) I haven’t a clue, 2) It is preposterous to think—absent a long, long period of up or down movement—that I have a chance to succeed. Not absolutely and individually, and surely not relative to those who have enormous and well-positioned relationships, money to hedge their positions, and money to afford the “best” computer models.
When desert terrorists can sabotague oil production, or the EPA can (or can be restrained from) taking coal-based energy creation off the grid, or whatever, what real chance has an individual?
Investment fads come in, fade away, and something is the “flavor of the whatever-period-of-time”.
And we must be sufficiently self-aware to recognize whether our buy/sell/hold decisions really are based upon “irrational” fear on the one hand, or greed on the other. It is so easy to find “reasons” to do what we really want to do, even if we don’t consciously recognize what that is, or that we are doing it.
And yet, we do something, even by doing nothing . . . .