MR, Agree 100%. The problem though is - where is the top? I am happy to follow the crowd (momentum) and ride the wave and hope that I pull the trigger at the correct time.
It is just too risky to bet against the crowd at the moment and that is the only point I am trying make.
And the risk is that this crowd could just push one way for a few weeks to come, so if you try to go against them you risk being trampled. lol.
I think all of us agree that the markets are overstretched, but it seems people with the money are prepared to stretch it even further. I wish I knew the breaking point of this rubber band as that would be the best short opportunity.
Lalit
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