Pinned straw:
I would put people like him on ignore. You need to follow people who share your mindset and time horizon. If you’re strong and in it for the long-term, you can skip right past all the noise in the interim.
Personally, I think he is wrong and he is just demonstrating how we all revert to the mean…I have IRL holdings in NDQ which I have no intention of getting out of for a couple of decades.
It’s hard to keep up. Earlier in the year he was saying sell, then it changed to no I was wrong to say sell to now it’s a sell again. In saying that considering the recent big run up putting a sell (short) on the US markets would not seem like a silly call for a “trader”. Especially as much of it has come from half a dozen+ stocks. Add to that the significant geopolitical risk factors pertaining to overall debt levels. Now watch the US market go on a 20% run. Ha ha ha
While there (to state the obvious) risks with every investment: I do lean towards the view that in 10 years time, I will wish I had purchased more of the NASDAQ. Anyhow, regardless of what NDQ does from here, I am very happy to continue to dollar cost average into it, as I do with my other high conviction holdings, every few months.