Not the time to buy
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.