S&P P/E ratios 30+,Dow 70+,no real improvements in US economy,US unemployment rising,insiders selling,too many diametrically opposite prophesies from "gurus",big volatilities,housing bubble,debt,novices entering the fray,increased traffic on HC,ramping rampant.
Yes,I'm taking some profits,cashing up,memories of activities leading to Oct.87 still fresh.I am not implying any similarities.Though there are still many voices of reason,so the crunch is still some time (a few weeks,a month?) away.Crashes usually come when everybody is supremely optimistic and enthusiastic.When they come,they come fast,no warnings.
Could be September,any time to early December.
In the meantime enjoy the ride.That's my gut feeling.Been trading since early 80's and been wrong before.Just my opinion.
Happy trading all
Nous
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