I haven't posted any articles these few days because I'm watching the markets very closely. Most of my money is invested in the long term however there is part of it that has to be sold off and it is best done near a market peak due to an investment strategy I put in place end of last year. I'll explain why when it is all over.
The other bigger piece of the puzzle is what type of money is going into the market right now to push it higher each day - the liquidity generated by low interest rates, the US dollar carry trades, the retail contra trader, the feller who read yesterday's economic headlines and now want to buy. The type of money that flows in quickly and gets out quickly at the first sign of trouble. Is the good news from Intel's earnings, better retail sales, and stronger economy the reason for the market going up or are they simply excuses to push the market higher. If the right time to buy was when the stock market got hammered in March 2009 when the economic outlook was very bad and earnings were terribly disappointing...what does that say about the right time to sell.