A blurb from my WSJ: "Cash poured inro stock funds at a blistering pace in the latest week, as investors flocked into equities after a yearlong rally and an early January jump. For the week ended Wednesday, investors sent $18 billion into stock funds and exchange-traded funds. The latest week's inflow marks thew biggest weekly cash influx since June 2008 and the fourth-largest weekly inflow ever, according to Bank of America Merrill Lynch." So it seems smart money beat me into the crash back in 2008. In December 2008 my oceanic account was down around if not better than $1M and I was bleeding so I closed out my CD money and burned around $800K down the dark well of opportunity. It was dark and I bought all I could taking the risk of common sense to the limit. After two years I came within $24K of making +$2M. But smart money is not ahead of me this time. I'm waiting for escape velocity to be reached and the gain of another +$2M. Remember, the last time the euro was so low, and euro fears were so popular, the euro surged in a couple massive uplegs that coincided with a major upleg in the US stock markets. During all of the previous post-panic euro uplegs, the SPX rallied sharply to achieve major new cyclical-bull highs each time - now is no different. Friends we are on a freight train of accelerating asset prices. Also, secular bulls don't end until they bloom into popular speculative manias that sucks in normal everyday non-investors heading into a climax. We are perhaps decades away from that happening. There will never be another 2000 crazy tech boom or a 2007 crazy anyone can own a house boom - we may become a society of nothing but goof offs if the Democrats keep up with their social engineering crap.
