it was mentioned that when pek of s&p500 is more than 25, we should reduce our portfolio already.
Right now, s&p500 is at 25. Seems like we should just build a watchlist and a war chest?
Sometime bull market will run a long time so if possible try not to time it. Focus on the market and stock valuation to make the decision. If the market is overvalued and my stock is overvalued, I will slowly trim it down but if the market is overvalued and the stock is still undervalued, I will probably hold it. In most cases, if i view the company is a good company with great management, I will probably hold it all the way unless mr market give me a no brainer price than I may trim some of the position.
I just checked the S&P500 from bloomberg it is 21.19x not 25x
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