The Dow Jones Industrials has rallied in the face of incredible
skepticism with a litany of reasons why it shouldn’t be happening, that
are of course all domestic oriented. This is fantastic for it shows the
market is NOT historically at a high. Bubbles come when
the vast majority claim the rally will never end. What is happening
here is a lot of clever people keep selling and getting stopped out.
They are fueling the rise and that is VERY GOOD for the long-term.
GOLDEN RULE #2
The market gods are NEVER generous. They give you one chance only to sell the ALL-TIME HIGH OF HIGHS or buy the HISTORIC MAJOR LOW.
The more a market keeps knocking on the same door, the chances are that
door will open.The curious aspect is the overwhelming news coverage is
saying this is a top that could begrudgingly go a little higher. The
likelihood is clear – by NO MEAN are we dealing with a major high. (more)
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