As a day trader every day is a new market to me. But I sometimes read posts discussing the current "bubble" and how badly it will end. I disagree. This is an up [sometimes called a "bull' market.] Sure, there are "pockets" of whacky speculation/bubbledom; but I've never met an up market without some of these. There will be reactions, sometimes hard and fast reactions. But I do not see a major distributional top forming now. And with the election next year I suspect all will be done to keep the voters happy and pulling the Bush-handle at the polls. I think too that the "mess" in Iraq will be much less of a mess in a few months.
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