The bottom line is when investing you really don’t care a whole lot what people think that have no or little money in the market. Yes, they may hold a number of convictions about the movement of the market as a whole or a particular commodity. Yet, if they’re not managing large sums of money or espousing the opinions of those people, then you should not all their opinions dictate your market perception.
Look towards seasoned investors for thoughts on if the market is over or under bought. They might not get it right on the dot, but you have a much better chance of getting some insightful information from those that have been and are in the trenches of the investing world.
The market isn’t a democracy. If you start hearing me espousing predictions on where the market will end at the time we reach X date, then I hope I’m telling you my source. Otherwise, you probably shouldn’t put much weight behind my crystal ball prediction.