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Message:: [QUOTE="Daniel M. Ryan, post: 1238058, member: 32253"]I've noticed the same parallel myself. No investment has had a ten-year bull market that has not ended in a blow-off top. That said, pulling out near the top is very - very -tricky. There's a good chance for a false ending, which will make anyone who pulled out feel really foolish. Bubbles are usually called two to four years early. No lesss an authority than David Dreman called the end of the Internet bubble in early 1998. By the time it's time to pull out, the thing looks unstoppable. No-one knows how high it will go. Those who know it's a bubble will spend months anxiously looking for the signal that things have gotten too crazy to go on. News that seems nutso in normal times being accepted as gospel, for instance. The Internet sector flashed several of those signals - like Net IPOs with little or even no revenue - all the way through 1999. The bubble didn't pop until March of 2000. The earlier you get in, the earlier you'll think the market went nuts. I remember a guy who presciently bought a lot of gold around 2001. He decided that the gold market got nutty when the metal topped $1000 in Feb. of '08. He sold out at $850-900 a few months later. Needless to say, he was early. Early in, early out. It's going to be a nail-biter near the top for those who know what's going on. There's never an easy profit (that you keep.)[/QUOTE]