Starting it off...

Retailers also just absolutely smokin' the new highs.

ES ready to make its move on more new all-time highs. Same old, same old, day in and day out, essentially forever. I should stop complaining, it does seem like 'easy money'.

So, the next big area I have is 1838-65, basis $SPX cash index.

Not that the few people in here care about this, and I'm not advertising, but I updated the mentorship page. It was like five years out of date. I'm only pointing it out because there are a lot of interesting thoughts of mine on there (nothing really new, though). It's a truly frightening page to read (and long, ten full page in Word before I coded it).

http://www.kanetrading.com/mentor/mentor.html

double 1.27 for spy and no new high for iwm

So, on bubble-head TV, they are saying that no worries being one standard deviation over the 50-day ma, because the last rallies lasted two and three times this long without a 10% correction, the second last one was well over 1,700 days (just about 5 years). So, since we are over like one year without a 10% correction, we can expect perhaps another four years without such a small correction. Then they went off on what to buy, buy, buy. And this station isn't CNBS. It's just a gushing bullfest everywhere. This is good, in that this is what we need for this to end, but when that will finally be, who knows. And what disgusts me so much is that say this pig does go up to that 3400, then gets absolutely crushed, cut in half (right, I'll settle for a few points down...), it would only be right where it is now! A devastating bear market, one of the worst on record, and it would only be here, where it is grossly (grossly) overvalued. There is no 'winning' this one, from a fairness standpoint.

Investors upping their investment rate into Europe at the highest pace since 2002. They are talking about how awesome Europe is for investing right now. Un-frickin'-real. Europe is a cesspool of stench struggling daily not to implode and break up. Yeah, that's a nice suit the Emperor is wearing there. Riiiiiiiiiiiiiiight.

I'm in

Originally posted by jimkane

Investors upping their investment rate into Europe at the highest pace since 2002. They are talking about how awesome Europe is for investing right now. Un-frickin'-real. Europe is a cesspool of stench struggling daily not to implode and break up. Yeah, that's a nice suit the Emperor is wearing there. Riiiiiiiiiiiiiiight.

Some selling? I just can't believe this.

Wow, I'm getting all happy here. This can't be...