When you have restaurant chains sporting 50+ PE's and stocks with dreams of making profits hitting multi-year highs, I say the top is nigh. Only problem is this can go on for a while. I was looking for a mid to late October correction of 10% or more. Now a bigger correction is in store. This is reckless exuberance that is being created by shorts trying to hedge a budget disaster. Buy calls on any tech earnings report for a quick profit. I like LNKD, AMZN, TSLA, Z, YELP and AAPL to name a few. GLTA
Na, I think DOW 20,000 will happen next year. You'r just disconnected from reality. Obama controls the money, and the markets through bond purchases by his puppet Benny the bond buyer. we all know that to be true. It will ebb, and flow but continue to rise. To many "money changers" that would cry to thier constituants to have another 1985 event. I still have not heard any announcment of any plans to buy back those bonds bought in 08. It is in the goverments interest and the National interest to keep the ball rolling. I just short this the #$%$ out of this POS for fun and watch the the checks roll in. This one is a suckes bet, or a hedge. thats it. Go trade some TVIX if you have the grapes and want to give me your money.
I agree, however their is still steam coming from bulls.. Hard to say what will really has to happen to make the correction. Majority of the companies posting decent earnings.. goog, nflx, pcln etc.. probably AAPL will.
I am holding ..