SPDR S&P 500 (SPY)

[NHPIPIXiPY$26]

From past observational experience (back when I was in college..) this market is behaving almost EXACTLY like the market did in the first half of 2000. I see many traders, big and small, commenting on how crazy things are right now, but it seems few actually witnessed those days. Advantage.. ME

Whether things play out the same way remains to be seen.. but interesting nonetheless. Many also say the one reason why the market won't go down big is b/c so many people are bearish. Big crashes supposedly only happen when everyone is euphoric. Well, what if the real head fake this time is the crash that everyone sees coming actually happens? Perhaps that's the actual contrarian view this time around?

Who knows, and maybe part of my skepticism is the current state of the US right now. Also not buying the "markets can't crash in election year" crap. 2008 was an election year, and this is a mid-term election where (hopefully) most already know how things are going to go, which makes it even more meaningless.

We shall see & all IMO only.