patrick.net

This thread is not targeted towards Jack, Fake P, or Face Reality. Their arguments are very reasonable and I always keep them in mind for balance.

70% or so of all people now think this market is normal and rational. It's all about following the herd.

Moooooooooooooooooooooooooooooooo!

The market is efficient.

HAHAHAHA

You know. I don't know why. I have no logic to base this one, just a feeling. But it seems people are starting to get nervous about this market. It's not so much *what* is being said, but *how*.

Me, I live on a comfortable 6 figure income. No huge debt. Have a great place to live in a very nice town. I feel no bitterness toward those who managed to time the market correctly, and I have a great many friends for whom I am very happy for. I am just concerned that the market fundamentals don't add up, and some people I like a great deal are taking on tremendous risk.

I could buy in, and if this market continues to be this irrational for substantially more time, I may have to. But until that time comes I am going to enjoy the freedom that comes with not being so overextended that I am only one misfortune away bankruptcy or foreclosure. I don't have a rich mommy or daddy to bail me out.