has an interesting analysis that says that we would could be in for a correction.  I am not sure that I agree but it is hard to argue with the metrics.

If you continue to follow the practice of investing in solid companies and making sure that you are sitting on the sidelines when the market turns against your stock pick, you should be fine.  In fact you may thrive!

90 Years Of History Suggests A Move Like This One Is Followed By A Market Bust

Based on data going back 90 years, whenever the 12-month rate of change (ROC) in the Dow Jones Industrials Average has exceeded 40 percent, it has generally signaled trouble ahead.

In three cases, a 12-month ROC above that level has only marked a short-term pause, after which the market traded higher.

But on 11 other occasions, similarly rapid advances have been followed by notable corrections, including the collapses that followed the 1929 and dot-com era peaks, as well as the 1987 crash.

Given those odds, increasingly exuberant bulls might want to have a rethink.

Company name Amdocs Limited
Stock ticker DOX
Live stock price [stckqut]DOX[/stckqut]
P/E compared to competitors Good
Employee productivity Poor
Sales growth Poor
EPS growth Poor
P/E growth Poor
EBIT growth Poor
Confident Investor Rating Poor
Target stock price (TWCA growth scenario) $3.78
Target stock price (averages with growth) $3.37
Target stock price (averages with no growth) $12.7
Target stock price (manual assumptions) $14.38

Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in this stock.

The Supreme Court rejected a controversial lower-court decision that
would have severely limited investors’ ability to sue mutual-fund firms
over the fees they charge.

In a widely watched case, the court ruled that a lower court went too
far in deciding mutual-fund managers can’t be held liable for charging
excessive fees unless there is fraud involved.

The justices instead kept in place a standard long used by other
federal courts to evaluate lawsuits that claim fund fees are excessive.
That standard favors the industry and is difficult for investors to
overcome, but gives judges some room to scrutinize the fee-setting
process even in the absence of fraud.