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SPDR S&P 500 Message Board

  • techglass1 techglass1 May 14, 2013 5:28 PM Flag

    shorts capitulation today and absolute euphoria in the markets

    A market that climbs as high as we have without even a small correction that every day keeps gaining more and more cheerleaders is a run away bull market bubble. All the proponents raising price targets on everything and saying the bull move has just begun and stocks are the cheapest they have ever been relative to everything else is just madness. When everyone stops what they are doing and listen to one hedgefund manager like he is god and rush even more headlong into stocks is another sign of euphoria. Stocks maybe cheap relative to bonds...but bonds have never been this expensive in the history of the world and never before has so much money been artificially pouring into markets. I have never made money buying a 2-4% grower selling at 25x earnings....maybe this time is different and the market goes up another 20%....im not buying it

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