FOMO, irrational exuberance, when are people going to learn buy low sell high or short high and buy low. Everyone piling in when the market is more expensive than it has ever been………

Bloomberg had something on the other day that said the smart money is already positioning for a pull back for what it is worth. But I am not going short until it is established.

Whats the famous quote, the market can be irrational longer than I can be solvent 🙂