This market is starting to feel like early 1999, where the indexes ran up on fewer and fewer names. Of course, 99 saw one of the biggest rallies in history on the Nasdaq. And then, it wasn't so pretty afterward.
Historically, I tend to get cautious early. My hope is that we get a rotation into areas that have underperformed - like small and midcaps - and the bull market extends.
I always expect the best, but plan for the worst. One thing is for sure. My stops will force me into cash early enough to avoid any real damage.
In 40 years, I have never been caught as a bag holder in any of the 9 bear markets I've lived through. Praise the stop loss. 😇 🙏
https://x.com/markminervini/status/1970887719627723011?s=46&t=1vlQfdo9pC4lN6kyv0vNbQ