Yeah the highr it goes, its just adding gasoline to the fire, so many fund managers on the sidelines right now, going to lose their investors if the market gets back to positive this year and they have to report a big loss, those guys are all going to be gambling at the end of the yearif the market is back at the highs, look for the IPO market to explode.
Ive had a strategy for a while now thats worked pretty good, in the months between november and march buy overhyped IPO's market on open, and sell them into strength with a tight stop if it starts out downword, ive been doing it for a few years now and it works real well, just playing off of fund managers desire to gamble at the start and at the end of the year.