Where is the bubble?

Rajv Malik is not happy with my bubble comments. He writes “for quite some time you and several others have been saying is that this is a bubble like situation and it will burst. but despite that the market has gone up by several hundred points and all those who took you and some other analysts very seriously missed the bus.”

I have highlighted this comment since this probably reflects the thoughts of many traders.

I have said we are entering a bubble. I stand by this statement. My opinion is that investors should always enter on a correction. I have also suggested that traders can make the most money in bubbles, so they should ride it. We never know in advance when this will burst, so continue till it stops. So, when Rajv says he missed the boat, which boat is he talking about? If he is a trader, then there have been many opportunities. If he is n investor, then he would be well advised to wait for a correction. Dips do not come on demand. You need lot of patience to invest in a low risk environment.

This also means that we are not bearish. Far from it. The end game for a bull or bear market can continue for months. Traders should go with momentum, which is UP.