Will this ever end? It is never wise to fight a trend like this, and I have not been doing it. We do have a little divergence happening now with weak bonds, market by the down trending red line. This is not enough yet to be a big problem, but may result in itleast a buyable pullback soon.
This market has carried on for a very long time without even a 10% pullback, which is rare. With the commercials now short, it is not advisable to put on any new long term long positions here. Still, shorting this market is still very risky. The insiders have a lot at stake in keeping this move intact through the end of the year.
I will be watching the pullback closely in January to see if it has more dire hints, than just a pause to move higher again. If the commercials do not get long during that pullback, neither will I.