Svenlar, do you reckon that "... looking for hell to break loose ..." means to the downside? If so, I tend to agree. I'm not talented enough to "see" the future, but I have a home-made chart that is echoing the late 1999/early 2000 period. It is based on manipulation of the put and call numbers on the S&P 500. I've kept it since 1989. The similarity between the end of the irrational exuberance stage and now, is striking. Unfortunately, there is not a precise correlation between the index and what this chart shows ... the chart seems to lead by 3 to 6 months.
Is it worth anything? Who the hell knows? I keep it in mind, but I don't trade from it.
Fred
