This is the reverse crash. And that's why ordinary people will never, ever buy stocks again . It's one thing to see your portfolio lose 50% of its value and feel forced to reduce your equity exposure. It's another thing to see the market erase the crash in less than a year. All this was caused by government intervention. Even I I am disgusted I rode the crash down with long positions now I am riding the reverse crash up with short positions ! Who wants to get into that kind of market ? It's over for stocks for 20 years, yeah we 'll get insane moves, and it could keep going up but without ordinary people . And at some point the babyboomers are going to get out in droves and it's coming soon.
I think we will reach a turning point soon. Bears are capitulating... Time to accelerate scaling out of long positions.
Only thing holding this market up is hot air, another asset bubble in the making, only way this country knows how to get itself out of recessions.