RE:RE:RE:RE:BuffetI agree this is Fed fueled nonsense but the PE for the S&P is around 15 which is far from giddy territory. Looking at the weekly chart of the index we are way overdue to come back and touch the rising 50 week ma which is currently at 1607. January may provide the perfect excuse to take the market down when the debt ceiling issues resurface. I think just buying something like the HVU and then hoping for a pull back is a dangerous game. Buying something like 180 SPY puts with say a 2-3 month window to expiry gives you some breathing room so you don't have to try to pick the top precisely and go all in. Your max risk is limited to the value of the contracts. Who knows how much you can lose on ETFs like the HVU?