"The fact is the market is irrational- Contrary to popular belief, it doesn't necessarily trend on fundamentals, and debt and economic figures can mean very little in a trending market....
Most people can't seem to grasp this."
Oh, I think people grasp this....well and truly in fact.
Just makes me think of the old adage 'the market overshoots on the upside and on the downside'.
Given the pump primed, dividend chasing, narrow based rally we've seen seen, I think we're now very much overshooting to the upside....particularly a select few large caps.
