The funny thing about the extremely bullish and the extremely bearish is that they are usually wrong, and when they're right for a period of time they suddenly think they know it all and get really emboldened about their predictions.
At that time, they usually start being wrong. Unless you're short, we should hope so in this case.
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)