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SYK - I Stand Behind My Breakout-Fakeout Scenario: Even As I Ask You To Trim I've Been Buying
Stryker Corporation
The S&P 500 jumps above 2900, I’m sorry that makes no sense
The first time the S&P 500 traded above 2900 was back in September 2018. At the time we were dealing with the tariffs but even so, the economy was way better than the economy we are confronting today, or even in confronting the tariff-free future and stronger growth. I recall that back then many were complaining that the P/E ratio for the S&P was above 20 times. The rejoinder was that the economy was looking ahead to better times. Obviously, the argument can