RE:i am in at 14.70 for a quick bounce
Quick bounces are great - but not with HVU -
Did you ever ask yourself who is buying stocks at these high valuations? Who is going long equities with all the geopolitical tensions? It is the Banks who are being supported by the Fed.
As long as the Fed is printing, the banks are buying to make huge profits and thats why we cant get a correction since the start of QE.
If for some miracle, the Fed actually stops QE (Which i dont think will ever happen - as they are making much more money that raising interest rates) stocks will erase a minimum of 50% of their value IMO.
But like i mentioned - unless you see World War 3, This will not happen any time soon