RE: RE: RE: RE: RecoveryIt's a combination of all forms of stupidity. I mentioned an extreme Trin reading which was an all time 50 year record since Trin was developed. This is a measure of complacency.
Another way to say it is that investors have reached a 50 year plus extreme in stupidity. It can't continue into the new year because it is already at the extreme of an extreme. It's finished!
What will happen next is investors will move towards the opposite extreme - extreme caution. When all is said and done people will tell their children for decades to avoid stocks like the plague. Our generation does not understand this concept, but talk to anyone who lived through the Great Depression and they understand perfectly.
SC