Can't wait for the next 1% dip in the indexes and have all the perma bears come in here and call for apocalypse... It's great the bears have no memory, they're like kids feeling the urge to touch the hot oven plate again and again
I agree the extent of this trend has been awesome...and it could certainly continue for who knows how long. Just appears to be a little too much euphoria,conviction these days. One day the punch bowl is gonna be pulled and there is going to be one heck of a hangover...and trying to pick the top is futile. fwit...
Still bullish until the differential between the S&P earnings yield and the 10 yr bond yield reduces to 0. That should happen at S&P 500 at around 1900, or the 10 yr bond at around 6.7%, whichever occurs first. Could be a combination of the two, of course. Either way, the S&P is vastly undervalued compared to the 10 yr bond. The money has to find a place to flow to. Here is my blotter for today:
See on the home page where one posted an interview with Michael Steinhardt that appears to echo some of my same sentiments. But...what would he know..right ?? No risk at all baby...( ??)
<i>"Michael Steinhardt, the investment pioneer whose hedge funds returned more than 20 percent a year for almost three decades, says the bull market in U.S. stocks may be coming to an end after more than four years"</i> How can anyone take a guy like that seriously? Just another loser in the markets. What a moron!