If CNBC is good for anything...
It's great for providing arguments that I can take the other side on. In an article the other day, they basically said that the rally is sustainable because so many individual investors are now slowly creeping back into the market.
Ok, fine, I can see where they're coming from. But how about we look at this from the view of the individual investor? So, um, the market's been going way up, and it could go up more because people like you are starting to buy back in now. So buy back in now, so that you can benefit from those that are a little slower on the trigger and buy in after you. Ouch.
Fundamentals be damned! We should all buy when we can hope that others will buy after us and push up prices.
As I argued on Fool.com today, I don't think this is the best plan for getting the most out of the market.