RE: You know it's all coming to an end when....Interesting... you know the classic story from 1929 when the shoe-shine boy on wallstreet gave stock tips to Joe Kennedy . He wisely sold out of the mass hysteria before the crash and saved a fortune. Perhaps we should consider this. The risky plays making up the bulk of today's markets would make the ghosts of '29 blush!
That being said, I am currently in HNU, sold some at 2.67 bought back a chunk at 2.27. I obviously expect it to rally from here for a bit. But I am still looking for signals that flash a market collapse this fall. Commercial mortgages have not been accounted for as of yet and deleveraging from those losses and credit contraction once again, could play a repeat of last falls ugly scene. If this happens we better be able to hunker down in a hurry!!
Also, I think it is likely there will be sudden regulatory changes that eliminate leveraged ETFs which will no longer be available to play either side. The powers that be will blame much of the mess on these ETFs as an easy scape-goat. Of course it had nothing to do with their own monetary policies etc.
Take care out there,
Drainman