Pst
You make some good comments, however , investors / baby boomers are DESPERATE for income. I was in the mall today, ( I have 35 years of retail experience ) , things are not good , people are not spending from what I can see and retailers had discount signs everywhere. My point is , I believe the current market is more DESPERATE and pathetic than the previous top we had Where are the retirees to put their money ? In my country they can get 2% if they lock it in for 2-4 years, pay the tax do the math ? Compound that by the fact the federal govt just came out with another tax which will mean to ""SUSTAIN"" the current level the average family will need to earn an additional $4500.00 per year. People now are being forced to seek out a income trust or a bank stock or one of many other "risk" equities and "hope" to do better. Well, from the looks of the 20 trusts I follow ( mostly energy / realestate ) they are all busting up to the upside. Everytime I sell them I find myself going back in at higher prices. The worse things get the more people go to towards this type of vechile . I gave some thought to the VIX and other overbought indicators . If ANY of these indicators were capable of working, how is it we got caught in that last crash or why didn't some of these guys who are saying we are now going to implode for the big 10 % , why didn't they call that crash ? Bottom line, I feel the market is more dangerous than ever and its just a matter of time, however , that fear is the catalyst that is pushing up some sectors , (especially the income generating ones imho ) .
Cheers
