There is no sure fire way to know if you should be buying an asset that has already risen a lot. I do think that your sense of urgency is a pretty good contrary indicator. If you feel like you absolutely, positively need to buy some asset today, you might want to just hold off a bit and see if prices come back down. And I don’t mean you have to wait until it crashes because it may not, but we all know that prices that have been rising rapidly won’t continue to do so indefinitely.
~ Joseph Y Calhoun III, Alhambra Partners
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.