When everyone thinks alike, the market has a way of proving them wrong. After all investors have bought, the sellers eventually take control. After you’re #1, there’s only one way to go. That’s one reason the dollar, which you might view as a proxy for the value of the U.S., is down. It was previously perceived to be the most powerful currency on earth; in recent years its reputation has been in decline. But I’m firmly convinced the long-term trend of the U.S. economy–and thus the U.S. stock market–is still up, and that the market will reflect that by...
