Quote from jj90:
Whether it is an asset bubble or the inflation specter makes no difference, trade what the market is doing. Both lead to higher prices, I don't see what the problem is unless you're short.
Typical comment for the technical, trend-following attitude that makes up 99.8% of the traders on this site, but I think you'll find in this thread and the one that proceeded it that a lot of $ can be made trading against what the market believes.
In fall of 09, the never wrong market was convinced the Fed was going to hike rates multiple times by Dec2010, Mar11, Jun11 ... Some of us thought differently and bought options that paid at 5:1 or greater (depending on when we unloaded them) when the Fed didn't do anything. Better than even NFLX!