Hypselotimophobia – The Fear of High Prices

Hypselotimophobia (from the Greek, is an anxiety or extreme fear or hatred of high prices)

If you are uncomfortable buying or trading stocks that are at new highs, this is not your tape.

There are only two categories of investors who are unfazed by the deluge of new 52 week highs – the nimble and the desperate.

The nimble are in a position to act quickly should things change.  With every tick, they are tossing blades of grass into the wind to gauge direction in real-time.  If you run a machine shop or have a waiting room full of patients, this is not feasible.

The desperate are most likely professional runners of money, those without the luxury of waiting for their pitch.  They must get more stocks on the books to show that they “didn’t miss it” and they must do so regardless of the top-tick risk.  An ill-timed buy today can quickly be described as an “intermediate-term” pick to the investment committee if need be, but a swollen cash position in a vortex of up stocks cannot be explained at all.

There’s a bumper crop of gaps and breakouts, hundreds of 52 week highs daily – so why isn’t everybody happy?

Most market participants are not incredibly nimble nor are they under career pressure to buy at any price.  The drumbeat of daily new highs can be more frustrating than fun for them.

Unless you’re in the habit of buying new highs, the ascent of this market has been way less enjoyable over the last 6 weeks than the headlines would lead outsiders to believe.

If you are a a hypselotimophobe, there isn’t much for you to do at this juncture, so maybe you want to just chill out.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. prostrate rabbit commented on Aug 05

    prostrate rabbit

    […]below you’ll come across the link to some web sites that we consider you need to visit[…]

  2. Valentino Garavani commented on Aug 06

    Valentino Garavani

    […]below you’ll discover the link to some sites that we believe you’ll want to visit[…]

  3. Prada commented on Aug 06

    Prada

    […]just beneath, are many absolutely not associated websites to ours, even so, they’re surely worth going over[…]

  4. Stella Mccartney commented on Aug 07

    Stella Mccartney

    […]the time to study or check out the content or web pages we’ve linked to beneath the[…]

  5. انگشتر تک نگین commented on Aug 07

    خرید طلا

    though internet sites we backlink to below are significantly not connected to ours, we truly feel they are really really value a go by way of, so have a seem

  6. free porn commented on Aug 07

    free porn

    […]check beneath, are some absolutely unrelated internet websites to ours, even so, they are most trustworthy sources that we use[…]

  7. porno commented on Aug 08

    porno

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless actually worth taking a appear, whoa did one understand about Mid East has got much more problerms as well […]

  8. دستبند پرنده commented on Aug 11

    خرید طلا

    I do not know if it is just me or if perhaps absolutely everyone else encountering troubles with your web site. It appears as if some of the composed textual content in your posts are managing off the screen. Can any individual else make sure you remar…

  9. خرید گردنبند ستاره commented on Aug 12

    خرید طلا

    I was curious if you ever thought of modifying the layout of your site? Its quite properly written I adore what youve obtained to say. But possibly you could a small much more in the way of material so men and women could hook up with it far better. Yo…

  10. دوربین مدار بسته commented on Aug 12

    دوربین

    Great weblog! I discovered it even though browsing on Yahoo Information. Do you have any tips on how to get detailed in Yahoo Information? I’ve been trying for a whilst but I never ever seem to get there! Thank you

  11. مه پاش معدن commented on Aug 12

    مه پاش

    Correct now it appears like Movable Variety is the best running a blog platform out there proper now. (from what I’ve read) Is that what you are making use of on your website?

  12. دوربین مداربسته commented on Aug 12

    دوربین

    With regard to ergonomics and the advanced technilogy Heuer reproduction watches have been the amazing samples of sports watches.

  13. دوربین مدار بسته commented on Aug 13

    دوربین

    It is likely to be conclude of mine working day, nevertheless before end I am reading this superb put up to improve my encounter.

  14. Interracial Porn commented on Aug 13

    Interracial Porn

    […]please go to the web sites we comply with, like this one particular, as it represents our picks from the web[…]

  15. ixxx commented on Aug 13

    ixxx

    […]one of our visitors a short while ago encouraged the following website[…]