Stocks continue to climb higher and higher after the short dip about a month ago. That dip was not in the slightest sense a correction, so we still haven't experienced a correction in this ever-increasing market. The market is overpriced and overvalued, and as it continues to rise, more and more people are entering the market out of fear that they will miss out on the gains. Artificially low interest rates and a very short list of alternatives for growth almost force people to buy into this overvalued market. Prices could increase, and the bubble could grow even bigger, but that doesn't justify paying the prices the market is currently offering. Unfortunately, saving until the market corrects will not combat inflation and no one knows how long the bubble will last. Value investors should proceed with absolute caution and search for other means of finding value than the stock market until prices are more favorable.
Can We Get Much Higher?