No one knows it's the top until you can look back and say "that was the top". The facts are, the worlds #1 economy (USA) struggling to show ANY growth at all right now. The worlds #2 economy (China) is decelerating faster than in the last quarter century. The remaining world economy's are being supported by QE/rate decreases and the like trying to stay afloat. This can't possibly end well for ANY of the world stock markets.
At some point, you have to have the nuggets to go out on a limb and say the top is near. Yes, you could get burned for one more leg up...but I'm going to "predict" that Friday ends up being a bull trap in the short term.
We will likely get a pop out of the gate tomorrow because of China's rate decrease today, but I don't think it holds after Friday's gargantuan day on a number that "met" expectations. We shall see, but there are ZERO FUNDAMENTALS (remember that word and when it meant something) for the markets to go higher at this moment. If they do, it's all more lipstick on this pig IMO.
I actually might agree that higher highs might be coming given all of the world central bank easing IF we would get a much needed correction, but without one it just seems absurd. We shall see. Good luck!
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