," he said. "The index is trading at 25 times and it's throwing out a dividend that's less than 3%. Both of those numbers are historically stretched. This is an index that usually trades at 16 times and has about a 5% dividend.", contends it's no reason to turn bearish. He's looking at the next downturn as a key buying opportunity., increasing the cash has been a major strategy.
"Our cash levels coming into the first quarter have been higher than they historically are," Hogan said.
TradingNation People who are waiting for pullback need to wait couple more years.
TradingNation The Earth “could” fall into the sun this week too. Can I be an analyst on now?
TradingNation ArthurHoganIII lol, let’s see....CoronaVirus pandemic, rockets hitting US Embassy...and this long term dope says earnings will hit the market? lol pathetic
TradingNation I have been waiting for a pullback for the last twenty years!
TradingNation Suprise surprise! Tech stocks massively overvalued. Earnings per share going to get hit. Expect a 30% + drop
TradingNation Really? The economy is booming. Booming!
TradingNation Or...they could not. One or the other, I'd say.