http://www.philstockworld.com/2015/11/03/triple-top-tuesday-2100-and-bust-again-on-sp-500/
After all, what is the value of a stock if not whatever the last idiot
paid for it? Since that actually sounds like a puzzle to most of the
people reading it – we Fundamental investors will always have a
tremendous advantage in almost any kind of market – EXCEPT THIS ONE!
This market, like any bubble market, is a fool's paradise that rewards
the rats for hitting the BUYBUYBUY button – over and over again. Train
them well enough and, long after the cheese stops coming, the rat will
still keep hitting that button, over and over again – until they have no
money left to buy with – and then they seem downright surprised when
they get dissected at the end of the experiment!
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