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I'm sure you were predicting gold @ $4000 this time last year..

Of course there are more. Right now the market is going up on ANY news. This will change.

Surf, Detroit just filed for bankruptcy. The dominoes may start to fall..

What the Fed does or doesn't do is of no relevance to the market. 5, 10, 15, 20 years from now no one will be talking about the Fed. There will be plenty of other memes to justify why the market "will keep going up forever"..

A P/E of 21 is not unusual either. There was still a crash.

Instead of looking at earnings, look at revenues. They tell a different story.

Does anyone realise <b>how much</b> the economy needs to grow in order merely to catch up with where the stock market is right now? We would need pre 2007 Chinese growth figures.

Tony Robbins - Wealth he deserves

Precisely :)

The reason your results look so good on paper is because you have made one or both of the most elementary of mistakes: 1) Over optimised to past data 2) Failed to take trading costs into account (No. 2 actually leads to some amazing systems even if you don't curve fit..) Have another look.

Exactly. Any "manipulator", no matter how big or small, is just a buyer or seller (or neither). I frankly don't see anything other than a cyclical rally from the March 2009 lows. Same as it ever was.

Nobody and nothing can ever manipulate the market. People, corporations and central banks can either buy, sell or sit tight. From time to time they can publicise their views and/or intentions. That's it. See? No manipulation.

Hope you're right. This would be a classic double top. But we've been disappointed too many times before.. And of course - congratulations!

Seems this baby is a little late. Like the sell off!! :)

Internet didn't buy stocks. Fed ain't buying stocks.

Let's re-phrase this, imagining it's early 2000: I think the main question is "Can stocks go down despite the internet" (i.e. will the correlation between rising stock market and the new economic paradigm continue indefinitely?)

You seem to have totally missed the fact that the market has gone up practically <b>every goddam day</b> since last November. This is an easy money market. You just buy, or buy more. Warren Buffet switches to cash (and gets laughed at) when most people decide they want to make the easy money...

Bernard Baruch was the very person who got out of the stock market mid way through 1929.. when it was still going up.

100% of the market thinks stocks can only keep going up. Hey. You know what happens next :D

That exactly what I'm thinking.. FAR too much good news for my liking. Something big happens when no one is worried about anything.