The current market is quickly becoming a "greater fool" game. I don't know why people would continue to buy stocks at their annual highs and what happened to their collective memory of this summer's debacle. I see no compelling value bargains and very few value stocks with reasonable valuations. Some bargains still exist in the growth land, most notably IRBT, but overall, it is clear that we are set for a nasty correction. I am increasing my short positions in Caps. [more]
As stocks are getting more and more expensive, I'm beginning to feel an urge to forget all cation, invest everything into large caps, small caps, medium caps, cyclycals, rule breakers, growth stocks, value stocks, dividend payers and speculative momentum stocks, go on margin, and watch my portfolio grow exponentially to infinity. Anybody familiar with this feeling?