Every few weeks as I look across the landscape of the blogosphere I am amazed at the people that guess over and over that The Top Is In ... as in The Big One. Hide ya kids, Hide ya wife.
I don't get it at all. Sure every once in a while I like to try to front run some downside action... but only to BTD. If we're going to get a big correction, the market will let you know. My favorite thing to watch for the potential of a real correction happening is my patented and trademarked Purple Line™. I don't care when or how a big correction comes, I simply refuse to guess at it until the purple line gets broken. It's that simple for me. Right now we're roughly 4% above the purple line. Chump change if we're going to get a 15-25% correction.