This is it. The end of the bull market. March 4, 2014. The SP 500 hit a high of $1876 and change today, on a big increase sparked by Russia backing off of the Ukraine. Of course, it wasn't really a back off. They simply did what they had already planned on doing.
Why here, why now? I don't have a lot of fancy charts, although if I tried I could come up with something to validate my position. But why bother? I could just as easily find another chart that would say the opposite.
The market has been frothy for a while. The momentum names are flying. I saw Netflix ($NFLX) hit $450 today. Chipotle is over $570. Tesla who I have a small short position in, is 4 times an analyst's estimate. I have been bullish because I didn't see an alternative place to invest. But now I see commodities are racing. I am long Corn and Coffee through options, but there are plenty others.
I am not predicting a crash. With interest rates this low, I doubt the market falls a lot. But I don't see it going up for a long while, a position I now share with Henry Blodgett.
I am still long in my long term accounts, although I may rethink that position.
I am not making any recommendations on any specific investment. Enjoy the ride.