We can hope the dollar's weakness is over. Too much of a "good" think is not so good. A weak dollar props up overseas earnings and makes stocks look like they are going up more than they are really going up because the rise is due to negating the dollar depreciation. It is, however, bad for keeping rates down and bad for us because we are net buyers of goods and services, not net sellers.

All cycles end badly, the issue is not fang stocks in particular, but the whole market. The issue is about which is worse, popular but overpriced stocks with growth or regular but lower valuation stocks with less growth. In general i would pick the latter only because a lot of growth of the former is due to the eating of competitors which has gone on way too much and is not sustainable, especially in a downturn.

The best thing to do now is not stop investing, although keeping a reserve cushion is a good thing. The key is buying stocks that will do much better in given downturns if the cycle changes. This may turn down your earnings in the near term if the run continues, but are key to a healthy and well thought out portfolio of distribution. I'd say ask your broker about it but sadly, most of them will say buy the S&P lol.

McDonalds isn't the only company taking on debt to buyback shares and pay dividends. A huge amount are doing it and one can't blame them. This is what pays in the Federal Reserve's money game. Not investing in capital projects, hiring, or even growing. Debt and financial wizardry rules because capitalism has been distorted.

McDonalds is actually spending money improving their stores as of recent. For that I commend them. The author is right, all is not all roses under the hood, but McDonalds is far from the worst smelling zombie in the market.

I don't think it's bitcoin that the regulators are looking at as much as the 100+ other currencies appearing and garnering investors with little oversight. Regardless, Bitcoin is having a rather wild ride, although not all of that ride is down as it may appear.

It's strange that housing prices and costs keep rising but housing construction is slowing. It's not like there isn't enough land in the US. If the housing cost stop rising things may get even worse.

HFT advantages due to market timing is something that whoever takes the position will need to address, or at least appear to address. The issue can be resolved by just forcing trades to execute on a agreed upon second or 5 second time period. This is actually something the exchanges should do themselves and it will help prevent 0 trades which leads to bizarre pricing and crashes sometimes.

I wouldn't bet on Redfern doing much, but it would make sense for him to push exchanges this direction. The bet in the US is for nothing to actually get done if people hadn't noticed this yet.

Many stocks are inflated, however, one must look at the current state as well as long term. Short term things are better with this report.

My main concern with it long term was its dependence on foreign growth which adds to cost. The other was and still is its cash flows. However, it is turning around its sales in the US and as many should have realized, cash flow alone doesn't tend to sink a stock unless things get dire. That is a longer term worry. Last there is long term worry about value because it assumes a lot. Tech itself is very richly valued, but its hard to say when it will moderate. For Netflix delivery is key and they should be commended.

Kevin: Good article and insights. Keep up the good work.

It's rise is justified on solid growth. The price is high as always, but it is a better buy today than it was a month ago. #NFLX

"My theory is that indexing is most useful on narrowly-defined groups of stocks and less useful on the really big blobs." very astute and very correct. However, advisers wrongly get clients in the mindset any diversity is good and then keep plopping them in the S&P index. Bigger isn't always better, but it is when people are fed the line hook line and sinker. All the money flows to it and makes a self fulfilling prophecy until it doesn't then watch out.