"How High Can Markets Go?" -- asks this magazine cover
By Elliott Wave International
Paul Montgomery's Magazine Cover Indicator postulates that by the time a financial asset makes it to the cover of a well-known news weekly, the existing trend has been going on for so long that it's getting close to a reversal.
A classic case in point is this Time magazine cover from June 13, 2005:
As you can see, it says, "Home $weet Home," followed by "Why we're going gaga over real estate.