Tom Gardner

Of course they can.

We know that is possible, but what are the probabilities, right?

How extended is the rubber band, right?

Will it break?

The PGI, one of the market indicators that we use, the Molly Fool, the potential growth indicator is below 11% now, which means that there's more cash in the market

than is typical.

Less cash on the sidelines, right?

So there's less cash to come in.

Remember one thing here.

Sometimes you can find the greatest investment possible, but if you don't have any money saved, what are you going to do?

You can't buy it.

So even though we may get some great IPOs coming forward, there's not as much cash on the sidelines and we should expect to see more volatility in the stock market, lower returns, probably lower gains from the big winners and some bigger losses from the big losers.

We really at The Motley Fool are not going to say, start selling your stocks, move out of the market.

That's just not our style.

And it hasn't been our style for 31 years.

But what is, at least in the Hidden Gems methodology of The Motley Fool, is to tilt from one direction to the other based on valuations.

And we're at rich valuations today.

We have had almost 35% returns since April.

So this is not repeatable.

over the last handful of months, but our minds start to get so excited about.