1, the rally from august 2010 of 29% was the biggest rally in percentage terms without a 5% correction since 1992.
2. Current rally is the 4th longest, and in terms of percentage gain, the 7th biggest in the past 20 years.
Can we go higher, yes! But since this rally began off a small drop, not a major correction, I think it is way past reasonable. bTW, economic news not all good, but market only sees the positive.
I am hurting, worst trade since 1995 for me, still holding short, added to position with more qid today.