Giddy Up?

It’s party time on Wall Street.

YOUR problem is that Wall Streeters just booked their sweet gains in the form of bonuses and you are chasing momentum.

The market is thick with breakouts and the price momentum is beautiful. There is no reason for 99 percent of investors to fight the tape.

BUT, you don’t chase wildly. You should not confuse this great tape with your intelligence.

The elastic band has been stretched pretty far in historical terms. Take a look at the ROLLING ONE-YEAR RETURN for the S&P . Of course we could keep going, but historically we are in some relatively uncharted waters.

There IS risk despite the risk free trade available to banks and the smart folks willing to borrow to their eyeballs with cheap money.

If I knew what it was and when it would happen, I would share it.

The housing bubble was predicted by EVERYBODY, yet Michael Lewis says maybe 20 people made money off it. That’s pretty insane seeing that almost 2 trillion was lost.

Enjoy the tape and the easy money, but know it will end extremely bad for most.