In like manner, the statement being made in the record short position by what we consider smart money is nothing to be ignored. Despite the messages of the above charts, the clearly increasing inflationary pressures in the economy, and what seems the beginning of deterioration in much of corporate earnings, be open and flexible in your investment thinking. No one can force the market to do what the individual may deem correct or proper. Anticipate continued above average volatility. Quite the opposite, the recovery so far has deepened and reinforced the message that all dips are buying opportunities.
Money continues to flow into equities.
The typical public investor is not concerned with current valuations or any serious study of economic or financial market history. They are concerned with short term action and gains. The worse the bubble inflates, the worse the ultimate reconciliation will be at some point.