"The facts you point out are one reason I do expect a huge drop back down at some point. Overvalued, liquidity driven markets have a nasty habit of going higher than most expect on the upide and lower than the newly optimistic crowd thinks after the ride ends."
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George Cole...
Interesting point - just one problem. I suspect most anyone that was honest about it would have made the same argument quite some time ago - at some point (I think we have long since reached it) you have to say that things are getting pretty ridiculous. Personally, I thought valuations were too high when the rally began.
Of course at some point, you have to admit that AG has something to do with all this.
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