x oil -field: Do not let the title fool you,this is a nice read.And yes happy to say I'm a part of the community of the upside (+) gain ''dumb money''.

DAG1996: ditto. glad i'm a "dumb money" retail investor. managed my own portfolio to return 31% in 2012. i'm sure the "smart money" did much better.

DAG1996: somewhat agree with the sentiment behind the cliche though. understandable that chasers who just now jump in could be considered dumb.

x oil -field: @DAG Thank you for sharing your thoughts on ''dumb money.'' Yes I'm happy as well to be a part of the investing for dollar$ +gains club.

DAG1996: @x oil -field Thank you for the link to the great article.

x oil -field: I also have mixed feeling on so-called ''dumb money'' coming into a so-named top rally.Sheesh..it was so darn painful the last..cont.>

x oil -field: ..great recession down turn,my question would be, now can this be the top of a rally?

DAG1996: my opinion is that a short-term top might come soon, but even after a correction(s), the trend is still up, unless there's a black swan.

DAG1996: i consider myself lucky to be in my prime investing years after the 2008 crash ... what we'll likely look back at as the long-term "bottom"

x oil -field: Companies reporting before the open $VMED $CMI $CVS $ElN $RL Madison Square Garden,Penske Auto Group WR Grace and $MT.http://bit.ly/X2fx10

x oil -field: Interesting reply thank you.I have the same thoughts on market at the moment,so again.. thank you very much for sharing the comment(s).X

x oil -field: @DAG Will confess here in thread,follow you (un)officially,&trust your posts,thanks for sharing your important thoughts on market direction.

DAG1996: @x oil -field Thank you for the kind words. I've been following you since shortly after i joined SA and i trust your opinions too.

x oil -field: *@DAG Good luck in the AM trading.

x oil -field: I believe in ''steady as we go'' & make profits,yes? That $CLAR trade we made along with @$DAL was profitable for most here @StockTalk,yes?

DAG1996: @x oil -field Thank you and good luck to you as well.

x oil -field: I would invite all @StockTalk readers to visit this important article, and have a look at the post from @Abegaz.

Ocean Man: 70% of fund managers underperformed the S&P / their benchmarks last year, so don't be quick to assume smart money did better than you.

DAG1996: lol yes, i was being sarcastic when i said "i'm sure the 'smart money' did much better". in all fairness, they have limitations we don't.