There are two other aspects I would like to highlight with regard to the stock market.
First, per my last two posts, my analysis indicates the entire stock market is currently a bubble. Given that conclusion, as well as my opinion that there are various other asset bubbles in existence right now, I would like to highlight a post I wrote on May 27, 2010 titled “Bubble Investing.”
Second, I view the stock market as exhibiting characteristics of a “crowded trade.” I recently wrote of this condition on February 28 in “The Stock Market as a ‘Crowded Trade’.”
A Special Note concerning our economic situation is found here
SPX at 1308.44 as this post is written