For those that have traded since the 1990s, the stock market from the beginning of 2004 to right before the summer of this year was maybe the most boring market we've ever seen. The lack of action makes internet surfing more exciting than trading. Things finally changed this summer but that lasted only for about 1 month in August, now its back to the same old same old, you will have occasional wide ranging trading days, but most are just daily grinds now, back to trying to grind out points instead of seeing whiplash like moves in both directions. August was a daytrader's dream, now its just like watching grass grow, of course for everyone except those trading China stocks. LOL. There is naturally built up complacency that grows from these nonvolatile conditions where people view a 10% equity downswing like its a bear market, when its absolutely nothing from a historical perspective. When the volatility really does return, I'm talking 1997-2002 style volatility, you will see a ton of hedge funds geared for these low volatility times get blown out of the water in huge waves, creating unforseen opportunities for the prepared. It will happen sometime in the next 2 years. Like Jim Rogers, I'm not going to try to nail the top, but I know its coming sometime soon.