wow i give up, page-68

Reasons why the market has gone up.
1. People are scared of missing the boat.
2. Buying because others are doing the same. Herd mentatility.
3. Short covering.
4. People still believe what Americans have to say after all there stuff up's.
5. Compulsory super providing continous buying.

Reasons to not buy.
1. Investors still have no idea how to value a company.
2. The asx is a casino. It is ruled by daytraders and chartists. Fundamentals need not apply.
3. Equity dilution not factored in. Further opportunistic cap raising to come for sure.
4. Poor balance sheets and poor economic outlook.
5. PE ratios have exploded upwards expecting earnings to follow. I fail to see this happen.

I suspect the rally may last a few more months before a nasty crash.