Jon, this market is getting the feel of a true mania. ATHM was trading at 1/4 point,and then it went to 8(American Thermal). I bet the CEO was real happy unloading his shares at 8 instead of 1/4 point. I think I read he is lying on a beach in Fiji sucking on a coconut. Speaking of coconuts,who the hell were those people buying American thermal,they must have been saying,boy we got in before the buying,what a break,what a fortuitous situation. I think Amazon.com is overrated,another sign of a mania gone berserk. There are so many signs of a top,I have never seen this many,nor did I think I ever would. Now what do you thinkwe should all do,build bomb shelters? Or should we just keep on investing? I still think small stocks will have the last run,they usually do,and man what a blow off top this will be. I expect to see the Dow at 12,000-14,000 before we peak,then off the cliff all the lemmings go,poof.
Tim |
