Seasonal factors, combined with greenspan rate hike comments, dollar and gold reversals, ever declining crummy volume, near record low VIX are screaming at you to short stocks with impunity!!!!!....see you at S+P 1080.
Huge insider selling to the tune of almost $5 billion for the month of February - - - largest amount since May of 2002.
Not so fast. When JS returns here to say the market topped, then i'll be a seller. Otherwise, you're just a bunch of shorts about to be squeezed.
Greenspan's comments regarding a currently "accomodative" fed funds rate that can only go higher at some point, put the S&P futures into a skid earlier today. :eek:
Waggie has self-appointed himself policeman, psychic and news reporter for ET! How charitable! But no one asked you to be any of these !! Not to my knowledge.