Some specs are ridiculously priced - I agree Y/Cake. However, my feeling is that if all remains equal, our own treasury forecasts will come true and if this is combined with a US recovery of some sort in 11/12, along with continued economic growth in China, India and Brazil etc, the perfect storm will even make Japan begin to move. If all of this eventuates, the market valuations will continue to seem very high. It's not entirely improbable that in the above scenario, 2011 will be a year to pen down as the biggest boom for close to 100 years. Our September beat all records since the 1930s. The buy and hold types are making a fortune atm and this may multiply next year leading to long moves, more money, and considerable bullish speculation.
