Let’s go back in time, Doc, just five years ago to when the market last saw these kinds of inflows. Heck, it must be a good thing. CNBC was talking about how earnings are looking good and that many investors have been on the sidelines and a little frightened by the market. So it makes sense that it’s time for these investors to get long and ride this market up, right? Let’s take a look at 2008 via a 5-year chart.
And it just so happens that the stock market is closing in on a long-term trading range high of just over 1500 in the S&P 500.
Just sayin’…