<p>OT - INTC and the market -</p> <p>As to this ever-more-bullish market: When the 'impossible' happens, what is left that can be said to be impossible? I think that's the central dilemma. This can't be happening, but it is. So you scoff at DOW 40,000. Just as you did at DOW 20,000. Who are you to say this isn't possible, when in fact it's unfolding before your eyes. People say the complacency of the investor - nothing roils this market for the worse - will be their downfall when the bubble bursts.  When will the bubble burst? Do you remember the S and P when it was 65 or so? Now it's 273. That's impossible. Except that it's not. Knots, all knots, endless knots.</p> <p>I have a bad feeling from what I'm seeing happen to stocks that post even mild disappointments that some reality X 2 may hit the market: INTC reports after the bell. I've not sold, and I've been amazed (this can't be happening) that it's only taken a 5% hit, given the Spectre and Meltdown problems, and then worse news as boxmakers are already saying their patches are faulty and they're readying new ones. And INTC saying there will be no material impact to their numbers (well, what about next quarter?), and mumbling nonsense about how everything is just fine. Plus the CEO selling a ton of stock on November - one analyst said that whatever reason is given for that, it just looks terrible. </p> <p>So I'm guessing that INTC will do a NOK-like swoon after the CC. So I'm not selling into earnings, altho that would be prudent. Cold comfort? - Everyone must be as idiotic as myself, since INTC is current up by a penny. I think one sign of the 'frothiness', as a casual observation, is that the stocks doing well are not getting outsized rewards, but the stocks that are disappointing are getting hit hard. To me, bespeaks of the expectaion (delusion? illusion?) that of course this market will continue to rise. It's been doing that for many years. What could possibly go wrong? Something going wrong must be 'impossible.'</p>