Mish, I'm very much in the same experiential boat with you re not chasing the market. I mean, just think what would have happened had we gone all-in back when you posted the "sidelines dad" article. Would have probably only doubled my money. My problem is that I remember 2001 very clearly, a time when my greed and belief in the tech stocks would not let me sell. Do you have a gut feeling by now as for how far the equities mania might go in those select high-flyers?