But you can throw them pretty high up there, if you really try. That’s what we’re seeing today in the stock market. If you were watching last week, which I’m sure you weren’t, bad new kept coming out but the market just kept going up. The bulls out there want to take over, and are buying away and pushing things up, but it’s not based on fundamentals. See, the thing with flying dogs is that they tend to coming back down, and the higher they go, the harder they crash. Just sayin, is all.
EDIT (1:25pm): If you’re interested, Corey Rosenbloom does some excellent technical analysis over at Afraid to Trade. Specifically, his latest post on the unfolding of Elliot wave patterns in the S&P500 is very useful for getting an idea of where we’re headed in the next month.