ONe thing to remember here:
IN past 20 years, yes 20 years, there have only been 6 rallies with more percentage gain than this one without a 5% correction, and they all started after nasty corrections that lasted months or years, and were either of long durations (like the biggest rally of them all, from dec 8 1994 to dec 15 1995, during which I lost half my money shorting, could I be repeating that now?)or after big drops, like in march 2009.
Bottom line: A 5% correction is long overdue, and is possible the economy is not going to tank thanks to all the easy money, which is possible but not likely. As in a bigger correction this summer into fall is still likely, but am tired of trying to pick a top.
Hate to be long this market, but probabley even stupider to be shorting until this trend is truly broken.
