HB,
I think we are just too "old fashioned", and have good "common sense" that is lacking amongst most market participants these days.
In fact, some people are telling me to use credit card lines of credit to buy the market on dips! Their arrogance in the face of an already overbloated market, along with their lack of fear is amazing, and this potentially deadly disease will only be cured by a genuine good old fashioned bear market, the likes of which we have not seen for almost twenty years! When I say "good old fashion bear market", I mean the big grizzly of the species, where prices grind down day after day, month after month, even year after, until their overblown arrogance dries up and is blown away by the bear winds. Then that would truly be the time to "mortgage the house" and jump into the market all the way with both hands and feet! (even paws!) <g>
It looks as if my support area in the bonds my be holding here, and if we can get a nice bounce, that would confirm today's move up in the stock market. It's not a sure thing yet, but so far, the bulls in the bond and stock arenas have the upper hand now. Yogi |
