2min chapter

The Compound and Friends cover image

Never Buy New Lows, Never Short New Highs

The Compound and Friends

CHAPTER

What if You Can't Get Two Bearish?

The stock market is treading water. It probably needs a little bit more time, cause we've had this very, you know, big ripan. But no, you can certainly have a big ass rally, and you might get close to new hies for probably not a bad reason. And that is, you got s am p net margins at 12 %. Pre ndemic, they were nine, ten. With the tax cut in 17 there were ten and a half. And now you're talking 12.5%. If you get a good economy with inflation pricing power, you can get to 12 and a half, 13% in their margins.

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