Smart money knows this market is still fairly cheap and is buying it up. The dumb money on ET is basically hysterical all upset because the markets are up 13% this year. I'd hate to see how some of you would react to a true bubble like we had in the late 1990s. By the time some people realize what they missed it will be too late. This is the nature of markets. If you are expecting a magic entry point you might be waiting until late 2012. You might get some retracement in January but certainly not to the totally unrealistic standard some of you keep posting. Corporate earnings are up and will rise again in 2011. Dividends will increase in 2011. M&A Activity may increase in 2011. Some of you bears might have some fun in mid to late 2012, but by then today's market levels will seem quite reasonable the "insanity" talk on ET will be conveniently forgotten. BOTTOM LINE WHY IS ET A HAVEN FOR CYNICS AND REALLY, REALLY BAD TOP CALLS ??? p.s. March 2009, September 2010 = great entry points, but still mass bearish hysteria on ET even at those premium points.