Indexes rally to new highs, most indicators overbought. VIX is at a 2 month low and stretched to the downside, but the worst thing about this rally is deteriorating market breadth. Next 2 weeks may see the market at least 3-4% lower.
only a rookie would be short here (that doesn't mean you can't take a little off the table on the long side, though).
Look back about ten+ years, the VIX has been moving at extremely LOW levels! You can't fight Wall Street, wait until Q1 '06...evaluate then.
You guys are all chumps. IF you think now is the time to go long, get your McD's applications ready. Or, you can come and clean my house for a better wage. I stand by my first post. Read my post 8 weeks ago on the market at a short term low.