When the market begins to breakout, people say it is getting frothy. Too far too fast. Back in march after the correction when the chinese market fell 9%, the market reached record highs and broke out. So many people said it was too far too fast and we were due for a correction, when we just had a correction!! The market continued to rally strongly until this summer correction. Now the same thing is happening.
measuring in A$, for example DOW is down since its Aagust lows why would anybody buy this US crap? Buy Hong Kong, Australia anything US is down an will be down