Stop and Smell the Roses..... - Tuesday, page-18

That's it. I'm announcing the next bullrun.

I've cut all my longs in China and HK two days ago. I closed all my shorts after this morning's reversal.

The market can go up from here on end for all I care ladies and gents. It seriously does not look like it's coming down. I just have a problem when the whole world (Apple now included) seems to rely on an economy where 45 million brokerage accounts were opened in 1 week in April alone and half these accounts are made up of retail punters who have never bought a share in their lives and left school at the age of 15.

Iron ore, oil, manufacturing and banking PEs are all looking bloated. Revenue seems to be plateauing and margins increase due to cost cutting more than anything else .

Time to sit back and revisit the market next year. Picking the tops only gonna get you killed....especially if the governments round the world have unlimited resources to prop up the markets.