PCAR - Nasdaq 100 At All-Time Highs: Time To Sell Stocks Or More Gains Ahead?
The Nasdaq 100 index made new historical highs this week, and this is generating some concerns among investors regarding the possible implications for market performance going forward.
Data by YCharts
This is understandable from an emotional and intuitive point of view. You always want to buy low and sell high, if prices are at all-time highs, it looks like it is a good time to be selling as opposed to buying stocks.
However, hard evidence indicates that all-time highs are no reason to sell stocks. On the contrary, strength begets strength in the stock market.