Almost pulled the trigger and shorted today, but am being patient. Pattern looks a lot like the last top in the spring, which means we start down soon.
fed is pumping and markets like that. Economy not in as bad a shape as some believe, and worse than we all would like, so slow and steady.
As in, not expecting a major decline, but a 7% correction would put enough fear into markets to set up the final leg of the bull into early next year, is my best guess, but that is a guess.
bottom line: Indicators still pointing up, but looking super toppy right now, and is time of year to start thinking of at least cutting back to have cash to invest at the next buy signal.
