T/A ETF AND INDEX

[capt_jmj]

I have been there in a macro sense for over a year, and in that time seen the NDX march 600 points higher, with only a couple of minor shake-ups and one relatively modest "correction" of a few weeks' duration. I believe the piper is yet to be paid, but until he is, all the spinners and talking heads who have a vested interest in the Long side will continue to blow of the bad news and accentuate the good news, and the herd will dutifully follow until it charges right off the cliff. Until that happens, though, the herd *is* the market, and you go counter to them at the risk of getting trampled in the stampede.