Q: Ross Healy, on Market Call Tonight, said that Visa was way overpriced, and that he wouldn't even begin to have an interest in it unless it fell a further 40%. What is your take?
He also echoed a theme I keep hearing which I don't understand; that this market is "old". It's "old, old, old, worn out" as if the market were a human and about to keel over due to longevity. I get that boom markets don't last forever, but my understanding is they die due to weakening economic circumstances not old age. Don't they? He said that as the S&P had fallen below 2500 the next stop was 2000. What is your take?
He also echoed a theme I keep hearing which I don't understand; that this market is "old". It's "old, old, old, worn out" as if the market were a human and about to keel over due to longevity. I get that boom markets don't last forever, but my understanding is they die due to weakening economic circumstances not old age. Don't they? He said that as the S&P had fallen below 2500 the next stop was 2000. What is your take?