Yahoo Message Board Post

Here is a Yahoo Message Board post from the SPY board this morning.  This post is very typical of the attitude in the markets:   ***** Subject: Why are futures down this AM Message: only 20 cents but still bizarre   Reply 1: If you knew it was going higher, wouldn't you rather buy 20 cents lower rather than 20 cents higher?   Reply 2: Check again at 10:00...and then 11:00.  This is just getting tooooo easy. *****   That pretty much sums up the attitude in the financial markets these days.  Stocks only go up.  They rarely if ever go down.  If they do drop, just buy the dip because they will go right back up.    Complacency is rampant, and with good reason.  Since September 2010, over six months ago, stocks have only gone up.  The move has been large and nearly vertical.  Shorts have been slaughtered.   A contrarian investor knows that this can not continue forever and that the trend must eventually change.  But markets will always go to greater extremes before reversing.  And who knows just how extreme that will become.