Wall Street Journal headlines. Mom & Pop run with the bulls-- this is a huge signal the top is near. http://m.us.wsj.com/articles/a/SB10001424127887323361804578390772458161986?mg=reno64-wsj Surf
Surf, I read the entire article in the print version. it's just common sense the people are starting to feel left behind. my experience tells me this is just beginning of a frenzy to drive to market even higher.
Mom & Pop are only valid contrary indicators when they are the last buyerz in line. Not so, at the present time. We are in The Age of The Bernanke. No one believed he was serious about the helicopter. :eek:
Aren't you the guy who called for a major up move against the debt ceiling selloff? You received lots of ridicule for early entry then also.
Seems to me that trying to pick the top of a strong bull (as opposed to waiting for it to become a bear) is about as reasonable as opening an airline. By and large both are bad businesses to be in most of the time. Please note I am not saying it can't be done but I'm saying there are easier ways to make money.
I happen to think the end is near but you have to assume the bulls can keep this going longer than you think possible. I think we're getting to the place where some cracks start to show but the breakdown could be months down the road. I eliminated my leverage because its just not worth trying to squeeze out the last 5-10%