Forex EUR/USD Daily Video, February 17, 2020

Mr sive.

Any brief about the stock market !
Seems that the effection of corona is no longer effect the traders there and keep going up !
Now many for example talk about 30000 point target on DJ for example !

I don't know. I just feel that it's only like a balloon ! Once maybe soon will returne back down sharp !! Just a feeling
 
Mr sive.

Any brief about the stock market !
Seems that the effection of corona is no longer effect the traders there and keep going up !
Now many for example talk about 30000 point target on DJ for example !

I don't know. I just feel that it's only like a balloon ! Once maybe soon will returne back down sharp !! Just a feeling

Hi Mate.
This is all about correct valuation. Of course, valuation is not absolute stuff. Currently it seems that market is driving by "existing of another fool" myth. It tells - no matter why market is moving higher, could buy until there is another fool on the other side. Other words speaking. We should not be blinded by some habit, or because everybody around do it. We have to follow our own analysis. Valuation tells that market is overpriced. It could rally by fiscal conditions for another year, or more, but it doesn't mean that price corresponds to real value of companies.
 
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