Enough that HB's are trading off their lows and CTX is up quite a bit today after delivering TERRIBLE earnings and saying they're sitting on cash from a bunch of their business divisions they sold because the market is shaky...so they're acting as a bank and didn't provide guidance, yet the market sees that as a buying opp. I would say that's about the density of the bulls at this point.
these kind of people are liquidity providers. they are exactly the reason why i can make a living in the futures cause ignoramuses will trade their opinions, try to constantly short the tops (in a bull market) and engage their idiocy on a daily basis.
Wouldn't shorting tops be a good thing? Or is it good to lose money in your land? ...and "cause" isn't the word you're looking for 3rd grade.
a bull market can only have one final top it can have (and has had) dozens of pullbacks my point isn't that you can't strategically scalp off of exhaustion highs but that it's stupid, low expectancy, and poor strategy to try to predict the top, or a 800 pt drop!! that's not trading. not intelligent trading whatever. the idiots will continue to provide liquidity that's why they exist
thx. fwiw, the most cost effective and least risky way to short the index in general (apart from index futures which i scalp long and short intraday) is bear spreads. especially when the VIX gets down low, the premium gets pretty cheap, and the spreads offer a cost effective way of getting some short exposure
only problem with the bear spreads is they have to go pretty deep in the money to pay off (or you have to go close to expiry). not good for shorting a few points.
i've found bear spreads very effective when held for about a week, based on a # of factors I look at. They've offered tidy little returns every single time I bought them (n=6). In essence, you have to wait for complete euphoria to kick in, then they get reasonably priced.