There might be too many bulls, while we have this statistical recovery. The market can stay irrational longer than we can stay solvent. While the market may come crashing down at any moment, I don't think we should rule out this cyclical bull market to last for up to another year. We may see the levels we are at currently be the top of a year long consolidation. It's just too hard to guess. Bear markets are good at making bears and bulls alike lose all their money. Most people realize the excesses, debt, and overleverage in our society will take many more years to muddle through, but how the market trades through it will be very complicated. I think by the end of all this, we'll be in a depression. I just hope lentinman is wrong about how severe it is. Hopefully, we will feel safe enough to stay in our homes, just not come out of them too often. At any rate, we are probably only a couple years in on a 20 year cycle of burning the forest down, so enjoy the ride!
To know the truth, one must get rid of knowledge, as nothing is more powerful and creative than emptiness.
