we've gone from people being too stupid, to people being too smart...

for a few years there the market was acting irrationally with no one paying attention to p/e ratios, earnings, future economic indicators, etc....

now, anything i can think of that's a safe/sound/logical play...everyone else has already thought of it and they over paying...the premiums on options for everything are thru the roof...

looking a year or more out:

short oil, they beat me to it.... long airlines, they beat me to it...

i guess i'll play pennies and hope for the lotto...

please bring back the stupid investors...