2min chapter

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Stocks Are Overbought, so What? | WAYT

The Compound and Friends

CHAPTER

The Opposite of the Dollar

The airlines are just the latest example of a broader phenomenon which begs the question, what's the next catch-up trade? I'll tell you, it's dollar general. Okay, but this is the opposite of the dollar. There's not a blunt in the world for me to buy an airplane rally. It only works in bull markets. Yeah, no shit. Of course. Because if it's not a bull market, then they roll right over as soon as you buy it. Yes. The type of behavior that you're exhibiting doesn't benefit you in any other environment than right now.

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