It's reached the point where if I dare even say that this market is overpriced, I am admonished by some Slopers as to all the great breakout patterns that exist out there, and what a fantastic market this is to buy.
OK, well, you can buy it with your own money. I think the market is more overvalued than 2007, and buying into a chart like this makes as much sense as………oh, I dunno……….having the First Lady of the United States be the featured presenter as the freakin' Academy Awards show. Bread and circuses, people. Bread and circuses.