The question that needs to be asked about this current
market is simply, "is this 1995 all over again or will some sort of
reality take hold?"  The answer to
that question will predict how this market behaves for the next several
years.  While I fully understand why the
market feels like it will not ever go down again in all of human
history (The January Effect), this rally is now pushing the borders of
absolutely absurd.  So I fired up the charts
and took a look under the hood of this current bout of insanity. 

Current Reality

I feel the best way to look at "current reality"
is through the distance from the 200 Day Moving Average on the
S&P weekly chart.  The size of the weekly
chart gives great historical perspective. 
Simply, the mania of the 1990's ended in March of 2000, and since then, the market has had a totally different feel. 

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You never know when or where you might be right or wrong. Either way
being in my position one thing became clear years ago when I first began
putting myself out there publicly with my opinion or thoughts; and how
they might transpire. What you learn quickly is whether right or wrong –
Someones going to tell you, or remind you – guaranteed!

So in that light I was notified by someone today that the latest thoughts expressed in my article Linked Into What Exactly? just may be expressing itself sooner and, in a larger way than I first wrote.

It would seem the overall theme of what can potentially happen to
people, and what can happen when its at the upper echelon of users. And
just how quickly they might feel a little queasy about exactly; what
they have posted out there – with whom – and where – as to now wonder
exactly “whom” will be using all their “free posted data.”

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