I'm skeptical about floats in this environment. I've become skeptical about the sharemarket in general recently. There is so much market froth, so much money looking for a home.. I can't help but think next year will present better buying opportunities. I'm making a crapload of money every month. Everyone is. Surely I'm not that clever? Surely we're all not that clever? My spreadsheet tells me I'll be worth $2m by the time I'm 35.. what a load of crap, these compounded 35% returns on equity have got to come to an end. You can't keep making 20% returns on 7% borrowed money. Companies can't keep making double digit earnings growth. Every headline is a good news headline, whether it's the IMF talking up global GDP or the budget's tax cuts or the US' soft landing... but something has to give at some stage. I don't know what it will be, or when it will be, but I don't think it's going to be pretty. I believe that interest in the share market has increased significantly over the last few months. I don't catch taxi's but I bet they're talking about shares again. The 23 year old's at my work, who don't remember the dotcom boom/bust are chatting over the water dispenser about their current 20c speccie and how, depending on the company, it's either some mining company that has hit a zinc deposit or a biotec that is on phase 3 trials of a wonder drug... either that or it's an ASX200 company who's revenue has increased over 10% despite Australia's GDP rising only 3%. I'm not going to sell, because I want to hold for life. I will continue to re-invest distributions but I won't put any more money than that into the market. I'm reducing my margin loan, tightening the belt buckle in preparation. Thoughts?