It's getting kind of freaky to be in a market that just goes up and up every day. For those who are not in the market, it's like being a little kid and watching a balloon you were just holding fly up into the sky and get further and further away – for a second you think you might catch it but then it's gone and then you can't believe how high it goes and you keep expecting it to pop but it just goes up and up and up until you can't even see it anymore.
Denkst du vielleicht g'rad an mich
Dann singe ich ein Lied für dich
Von 99 Luftballons
Und dass so was von so was kommt – Nena
As Mark Hulbert points out: "Investors — tantalized as they are by the prospect of the stock market “melting up” as the trillions currently in bond funds get transferred into equities — don’t want to prematurely leave the party Wall Street has been throwing. Yet they also are worried about the downside risks of a bull market that is unquestionably getting rather long in the tooth."
Barry Ritholtz then makes a good case that it's pointless to try to guess tops and bottoms but – that's what you pay us for so we'll keep guessing anyway! As I often tell Members – I may be a pretty good guesser but, as with baseball pitchers, winning 60% of the time in the market is considered damned good. The trick is to learn to manage your money so you take advantage of that small winning percentage and, of course, our big advantage using options to generate incomes lets us BE THE HOUSE and creates a huge advantage over typical buy and hold strategies.
As you can see from our Big Chart – we are simply off to the races at the moment and, rather than sitting back to enjoy it – everyone is waiting for the crash – kind of like Nascar Racing, I guess… Andrew Parlin of Kotell Advisors says this rally may just be in it's infancy:…
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