> The market indices have levelled and no doubt for some of the
>reasons that Makin gives. But as yet there does not seem to be any
>disastrous downturn in market indices as a result of a peak being reached.
>The present indices are not all that far from the original peak.
>ttp://quote.yahoo.com/q?s=^DJI&d=c&t=5y&l=on&z=b&q=l
Forget the Dow - try the Nasdaq <http://finance.yahoo.com/q?s=^IXIC&d=c&t=5y&l=on&z=b&q=l>, one of the great bubbles in financial history, now burst. This is much more representative of first, the mass psychology, and second, the average individual investor's portfolio.
Doug