### Comment:
&gt;I have been watching markets for 1 year and half, these moments of irrationality always follow with severe diarrhea. 
  
 In other words you saw last December?

### REPLY:
Yes and I do remember before 08 when barbers were Buying 400K homes with no income verification and they said home prices can’t go down.  Or Joe Shmoe who was 3-4 flipping houses every quarter.   When markets switched,  Joe mailed the keys to the Bank and walked away.   
  
 Just saying to be careful

### END.