Continue the thought from yesterday. There are lots of crosscurrents affecting stocks even as the Dow makes new highs. The fact that the Dow made a new high is the least useful part of the story. It really doesn't tell you much about what's happening to a stock or the total market.

The more and more time I spend studying markets and investing, the more and more I feel that trying to figure out what "the market" is going to do is a waste of time. The rewards are always richer when I focus on the smaller stories (stocks) and dig into the details. Anybody can have an intelligent sounding opinion on the market. Don't be fooled.

The great investors don't spend a lot of time trying to figure out what the market is going to do next. They do something simpler than that. They go through the market as if it were a produce stand and turn over a lot of fruit
and veggies looking for the good stuff at a price they like. Or to finish off the ocean analogy they wait for the right wave to come along and ride it in for all its worth.