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I dont know if its the word euphoria i think market, the market clearly has gone parabolic when that happens, you have a decision to make you could buy in with the momentum thats continuing to build or you could sit back and just have what you have. I think its better at this point to sit back, youre long the market stay long the market its not a referendum say og kay, because the markets going parabolic, it means it necessarily end. From a quantitative standpoint, this momentum strategy thats dominated the markets the last couple of years, its like the top spinning on a table because faster ander and faster, eventually, it falls over. I think thats what the environment is right now and the interesting thing as well and john could speak to this, the vix is up 11 today. Is this euphoria, the final stage of bull market is it time to worry a little bit zm. I think just to joes point about that 11 juch in the vix, there are some people a little worried. Now whether or not theyre getting ou ....

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