PriceLine and Starbucks Due for a Hangover

Two magnificent winners of 2013, may have a hangover in 2014.

For the simple reason price has moved to extreme levels and valuations are stretched. Starbucks (SBUX) and Price Line (PCLN) have been great stocks to buy high and seller higher. But trends that go straight up do end. 

We all know a correction of some degree is due, we may have to weight to April/May 2014, as this is the when seasonal cash is drained out of the system to pay taxes. Sell in May and go away has worked rather well over the years since 2009, and who is to say it wont work again.

Money Managers have had a great year, many stocks with green on the screen, and bonus will be handsome. Thank you Ben Bernanke, see you at the golf club!

Merry Xmas to all.

Chart showing Price Line, Starbucks and Dow Jones correction 1929 (for fun).
 

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Investing Quote...
 

.."I believe that uncontrolled basic emotions are the true and deadly enemy of the speculator. That hope, fear, and greed is always present, these emotions sit on the edge of the psyche, waiting on the sidelines, waiting to jump into the action."..

Jesse Livermore

.."The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..

George Soros