OK, so What Now?
If you believe that the market is fairly or over-valued, it presents a challenge to find companies whose stock prices are not inflated beyond the measurements that the stock market places on them: Price-to-earnings (P/E) and all of those rational multiples that stock prices are supposed to be based on. Ask a Tesla (TSLA) investor which rational measurements he is investing in, and he won't have an answer for you. The stock is overvalued on every aspect. You invest because you believe, and sometimes, you have to throw value out of the window. I sold Micron (MU) at $29.50 because I had some profits and didn't trust the semiconductor industry. (By the way, I lose faith in companies the same way I lose faith in old cars. Once I lose confidence, they have to go, regardless. And, as Jim Cramer says, "Nobody ever lost money taking a profit.") Oh, and for the record (if there is one) I sold Snap (SNAP) at my buy price. Once it ran up into t...