The mantra these days from sea to shining sea is the same: Buy Every Dip. That works well for a while. It worked great for years during the last decade. Take note of that last buying opportunity, marked in purple:

It is shown again in purple below. My point is this: one day, the dip slips. Buying a dip is no guarantee of profits. You might get five dips, or ten, or fifty – – nobody knows. But when the dip fails, look out, because everyone will have been trained to do nothing but buy dips, and you're going to wind up with a population that has no idea what to do next.

Speaking of dips, I said something dippy yesterday I should clarify: I did a post about the sad state of affairs at very blog sites, including this one. I jokingly made a reference to molecool's temper, but since some readers might not misconstrue what I said, let me clarify – – – I've known molecool for a long time, and he's a good guy. We've met each other once, and he was perfectly friendly (in spite of the 'Evil' moniker). Sorry if what I said came out the wrong way.