We are on FED rocket fuel. Rockets always go up until they finally burnout and crash. How high will they go?
1. Till Ben pumps in more fuel.
2. Until the market realize that Ben's paper fuel can take the rocket only so high and time to crash it.
No parachute or life jacket will be available. You will taken down straight to the sea.
What's scary about it? What's really scary to me is if the S&P somehow dropped 10% from here, everything is so leveraged that things would be worse than 2008. They cannot let it drop even to 1595 or we will see panic on an incredible scale.
I agree. Any major drops will be meet with fear and average consumer will buy less and invest less in stocks. As soon as SP went past 1550 I think they got stuck having to take it higher. Seems like they cannot take it lower then a postive on the dow and sp for 2013. I have begun to loose my perpective eon how much higher this can go I thought 1600 1620, maybe it keeps going to 1700. I have been investing less and less on each upward move.