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I was thinking about the market and investor enthusiasm. We're in this Mad Money time where folks are getting excited by Jim Cramer's picks, reminding me of what was happening in early 2000. We're seeing some excitement over earnings. And feelings of relief that Greenspan may be done raising rates. (Well, he'll be. Bernanke is in the on-deck circle.)
Are we reaching the time where folks feel we're "all clear" for a new bull market, even though we're at all time highs in some index trackers and near bull market rally highs in others? Could we be near the blow-off top of this 2002-present bull market, when folks finaly feel okay with getting back in the market?
Could this happen when the Fed does their final rate? Could this be a sell the news event?
Just thinking out loud here. I remain long the market, but I'm starting to feel on edge about the euphoria. Even on today's Bulls and Bears shows, the folks who were bearish in late December seem gung-ho about the market for 2006.