Market is stretched and exhausted who agrees?

With due respect, I did not get it. I am slow. What do you mean?

 

'the market can stay irrational longer than you can stay solvent' — John Keynes

 

this market will snap back and sting the fingers of all those who hold long, just like a stretched rubberband

 

Most often quoted quote in the last 2 years?

 

I know that and it has become my pet peeves. I never said market will go down or go higher. I have recently seen market is exhausted (last two weeks) and I believe is not a good time to buy. But maybe not a good to sell either. Just trade.

 

I believe the old saw is "Never short a dull market."

 

IMHO, that has an eerie "this time is different" ring to it.

 

Where is that free money to push the market higher? In just two days market is down 5%. I am sure many traders got wiped out in jsut two days as always.

 

Or just stay on the sidelines like all those trillions of phantom money they keep talking about.