origin wednesday, page-60

Volt,

I have heard you post before saying that when everyone's declaring victory, is when you believe the rally is over.

Have seen several such declarations today:

1) Jim Cramer of CNBC claiming we are in a bull market. And that he has basically picked every top and bottom in the market to boot.

http://www.cnbc.com/id/31064616

2) Michael Pascoe at SMH

http://business.smh.com.au/business/house-prices-not-tipped-to-slide-20090603-bv6p.html

3) Also received a report from the prop trading guys at Goldmans JB Were that had a picture of a cyclist with arms raised in victory, and a guy behind giving the victor the bird. With the caption claiming the death of the bear.

4) Several broker mates calling/emailing along the lines of "smash those bears". They were sending me the same stuff in Oct/Nov 07 after i told them they may wish to lighten their stock load in mid 07.

Although i think there will be a bit of a breather here, then a further push up - there are certainly plenty of people starting to declare victory