"“According to most of the rules that I’ve learned to live with over the several decades, this [market] is ahead of itself, but we’ll let the party continue—I’m just not going to partake in the tainted food,” Cashin told CNBC"
Ah - but if the only point in life is to make money right?
Think about JP Morgan who had a conservative investment strategy and got absolutely hammered for it through the nineties in terms of their market cap. Chase Manhattan bank bought them out because their market cap was huge - but it was all piss n wind and they suffered a massive loss because their bolixy investments went sour. The JP morgan side of the merged entity virtually took over management after that.
Anyway - if you know how to trade on thin air and get out before everyone else does... power to you. But when you fall - as eventually you will... I shall have little sympathy.
