I have always liked that phrase you used..."It just never ends...until it ends." I think it's my personal theme. (My wife's theme is.."If it's worth doing...it's worth over-doing!")
I have always looked at pure contrarianism as the perfect sort of ultimate TRAP. THEY say that when all the people, traders, and analysts get on one side, then it's time to take the other side of the trade...and that is mostly true...until it ENDS.
There will come a time when EVERYONE says the US dollar is finished...and it will be!
There will come a time when the silver market will be ready to explode...and it will!
There will come a time when all the goldbugs believe they are right...and they will be!
When the Ponsi scheme is ultimately exposed, then the scheme ENDS...and U have to be on the side of EVERYONE except the perpetrators at that time. It didn't pay to be the last contrarian buying tulip bulbs back in 1637...
http://www.gold-eagle.com/editorials_08/nielson050910.html
..., just as it won't pay to short silver when a physical shortage arrives and the Commercial Shorts reach an ALL TIME new high trying to contain the price...if that ever were to happen.
This is probably NOT that time...but you can never know when all heck will break loose.
Until then, like Sinbob, (and our hero Homer Simpson), all U can say is ... "?????"
Happy New Year!