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Markets Historically Overbought: Dangerous to Enter New Longs Right Now

If I don't buy, and the market goes up a lot, I will be remorseful to the extent of a 9 on a scale of 1-10. If I buy, and the market goes down a lot, I will be remorseful at level of 5. I will also buy some more, then wait. Even Jeremy Grantham (!) says the market is fairly priced (that is, not overpriced) for the first time in 2 decades. I'm buying. Good Luck, longs and shorts.