well no there was that Big Call in early 2011 from Martis that we were on the verge of the mother of all Bull Markets in Australia driven by the Commodities boom kicking into high gear this was just before the big shakeout we had in 2011 and the collapse of the commodity market after which he then went Uber Bear
@casperwjt I am picking on him today I have been highly critical of him and his calls for the last 5 years maybe you have not followed his tripe since then so you might be like the guy rocking up to the roulette table to see him nail a bet on zero and thinks hes a champ but have missed his 40 wrong bets prior
as for your chart it could be a bull trap but I still dont feel we hit that Euphoric top yet you know the "delusion" and the "new paradigm!!!!" weve certainly seen the greed but there has and still remains a good amount of fear which quickly pulls back alot some of the complacency
One of my favorite quotes
"Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria"
Some may argue we have seen the Euphoria but I dont think we've seen it yet, we are close very close but not there yet
I do however think if China unleashes stimulus, the ECB unleashes more QE to help kick the Greek can down the road and the Fed leave rates on hold until at least 2016 and even then reaffirm guidance on low rates we will start to see the reckless investment Euphoria required to result in the death of this bull market.
can you see it? People investing saying dont worry no matter what happens the Central Banks will keep this going, stocks wont go down they cant let them go down and rates are just so low I have no where else to put my money.
(20min delay)