NASDAQ now positive. Unbelievable! My quandry is that is that market has no fear. No thoughts of taking money off the table. This bloated, overbought market merely yawned at this potential Brazil crisis. Currency devaluation, head of the central bank quits, who cares, buy the dips. You and I both know that fear and greed rules the markets. This market will not correct until the buyers see a reason to take a break. Impeachment, war, no one cares, rates are low, business is thought to be good. IMO this market is going nowhere but up. I know fundamentally it doesn't make sense. It's frustrating to me. BUT, this baby is going to crash 10,000 soon come hell or high water. I do agree that when it does fall, it could be ugly, but this baby is going further up.
Mark
P.S. I am in mainly OSX now, and will wait for them to rebound. |
