Everyone’s saying the S&P 500 has topped, but I haven’t seen enough reason to believe that. The chart does look like 2000, but expensive valuations don’t mean an immediate drop. Back then, it kept climbing for more than six months before crashing. I had my stop-loss set too tight and got stopped out twice. I’ve learned my lesson. I hope I’m wrong this time—if I am, that means the rally is still going. Keep an eye on what I’m watching.