Do you understand why they are going up?
I understand that automated trading now drives the market and that participation by individual investors has declined. I also understand that the market has decoupled from the economy and is driven by excess capital being pumped into banks by the Fed. However, I’ve been reading these forecasts for over a year now and if you listened to them you would miss out on the market run up in recent years.
I also believe that if Romney is elected the market is going to take off.