Judging from the amount of bullish sentiment that has built up over the new year, i think we are very close to an intermediate term top. Analysts and financial experts are predicting a good year for the economy as well as equities, and i think the general public has gradually accepted that we are already in a bull market. So does it mean that we should fade the rest and go short on both fists now? Well i think it never pays to go against the intermediate trend in a bull market. You never know how far the investment crowd formed will bring the market above value.
