Quote from Ash1972:
This is exactly the sort of stupid gloating you hear near all time market tops. People have completely lost the ability to think rationally.
No, i don't think so. How certain are you that everyone else is irrational and you are the one who is rational?
Right now Ben and his printing press etc. is a MEME that has lodged itself into people's brains (just like the new economy etc. in 1999/2000) and is being used to justify their herding instinct. They are piling into the uptrend simply for FEAR OF MISSING OUT on gains. This is a herd with its brains decidedly switched off.
No, this is total bs.
Unfortunately humans' only concept of the future is to extrapolate the recent past. It's easy to see why after 4 years of exceptional gains people think this will go on forever.
Who said anything about it going on forever?
If mutual fund managers are 90% bullish - the most optimistic reading on record - doesn't that tell you something?
Just tells me that they think the market is going up. Why would you bet against this small group of people who virtually control the market?
We are in the midst of a stock market mania against a backdrop of serious economic stagnation. Doctors who reanimate people dying of cancer by pumping them with steroids and adrenalin will now be hailed as geniuses.
Economic stagnation? I thought the US had positive GDP growth and declining unemployment.
That line about doctors, what's that about?
Quote from Visaria:
You can explain to the kids why they there's no money for their college education by telling them "but i thought it was a Ponzi scheme!".
I'm sure they will understand.
Quote from dreturns:
I am buying. Even a dumb ass like me can make money in this market. Why all the threads bashing the Fed, day after day. Who cares. Manage your risk, and if the market turns tomorrow or next month, start shorting. Maybe folks need to get a better edge.
Direction is direction. If we ain't up were down. So what. Shut up and trade.
Quote from dreturns:
I am buying. Even a dumb ass like me can make money in this market. Why all the threads bashing the Fed, day after day. Who cares. Manage your risk, and if the market turns tomorrow or next month, start shorting. Maybe folks need to get a better edge.
Direction is direction. If we ain't up were down. So what. Shut up and trade.
True. What will come will come, we just don't know when. When it comes, it will be unstoppable. History has proven that nothing lasts forever.Quote from brokerboy:
people bash because they believe in free markets. if you look at japan its up like 60% this year. they now have major issues with the 10 year bond yield raising and a ton of debt out there. it can blow up and take out everybody. central banks are not suppose to force people into a risky asset by devaluing small safe returns. they did not even create decent jobs and companies are holding the cash or buying back stock. they are taking away mom and pops CD interest and rewarding banks for making poor past decisions. that's not really capitalism. you don't think that can happen with you US bonds too? they made stocks a new class investment but that's not there job. if they can't create jobs than they should let the market do it.