If you have been here for a while, you are probably
making all kinds of gains.
I bet you love this shit. I know I do.
We have a huge flood of newbies. As the price is going up most people decide not to sell since they can just sell higher at a later date.
What we are experiencing right now is called a
melt up.
Melt up is a term that refers to the general improvement of the value of the stock market not correlated with improvements in the fundamentals of the economy. This usually refers to bubble type movements, where investors buy into an asset because the growth is rocketing upwards instead of fundamentals of the asset, or the result of general inflation.
A dramatic and unexpected improvement in the investment performance of an asset class driven partly by a stampede of investors who don't want to miss out on its rise rather than by fundamental improvements in the economy. Gains created by a melt up are considered an unreliable indication of the direction the market is ultimately headed, and melt ups often precede melt downs.
http://www.investopedia.com/terms/m/melt-up.asp
