I'll just toss in this res ipsa loquitor quote from another board...
"My biggest fear right now is getting left behind in the rally that's starting to develop. It's pretty difficult to not get excited about stock valuations at these levels, as long as you ignore the noise about employment or gdp growth."
We haven't seen the market lows yet, for anyone who thinks the next bull market is upon us is a complete FOOL. Sell these rallies and be happy when you get the chance to buy back in when the markets are even lower than they are today.
This bear market will be the longest in history, remember that.
It's a sucker rally, people are so eager to get into this market and not miss the bottom that any small good news pushes the market up and ignoring any bad news.
It's a sucker rally, people are so eager to get into this market and not miss the bottom that any small good news pushes the market up and ignoring any bad news.