Those of you that follow cultural zeitgeists will have noted the recent Atlanta murders are the 1999 equivalent of bankers jumping off buildings. Unfortunately, we can expect much more of this as more day traders lose more money. NOW requires brokerages where day trading occurs to warn customers of the risks involved before they open an account. The NASD made the announcement late on Thursday, when a day trader went on a shooting rampage at two Atlanta day trading firms, killing nine. 4. We have a much greater speculative bulge than in the 60's.
Price are going up, so people buy.
That justifies the expectation, so they buy more. It's a classic bubble. Now that the ECI report is out, I suspect you changed your opinion. I would love to see it. We are not buying ANY Big Cap stocks this month until the market corrects.