Comment by jjav

A wall street friend has been predicting the big crash "next month" for about nine months now, but we're still in a mad rally.

I tend to agree a big crash is in the cards, but as they say, the market can be irrational for a very long time. The "irrational exhuberance" speech was in 1996 but the market rallied hard for many years after that until the eventual inevitable crash. If you sold in 1996 you messed up real bad.