Craigd, I agree but people are missing the main point. For most people money invested it the stock market is not discretionary money but long term investment and retirement money like 401K which they can't get to spend without serious tax problems. It is not the little guy who has caused this market to go up but the big hedge funds and mutual funds. If it were the little guy there might be more people cashing in while the market is high. Of course there are always those who wont want to sell early trying to get every last cent of profit out of a bull market. Pigs get fat (make money) and hogs get slaughtered.