Too Exhausted to Chase

There has been a lot of talk lately about bubbles and whether the market is currently in one. I addressed this last week, but I will do so again: A market doesn't have to be in a bubble in order for it to merely be a top -- or for it to undergo a correction.

In my view, far less discussed is what inning exactly the bulls believe we are in -- because we all know the statistics. A market that is up 20% year to date, come November, usually ends the year strongly. To me, it feels as if the market has had a great party these last several years, and those who are arriving now see an empty punch bowl and only crumbs from the chips. It doesn't mean the party is over. It just means there isn't as much to go around....367 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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