Just ran across a thread on a political board (Democratic Underground) talking about the markets. On one hand, when the markets are being discussed amongst the masses, that's surely a strong bearish sign. Problem is, they're mostly talking about how it's gonna tank. Which is pretty bullish. So my masses indicator calls for more range.
All the annual highs are tanking and so are the annual lows. What's next? Is PFE going down 5 more dollars? Puhleeze. The market has gotten too predictable. Short everything? Seems to be working as of yesterday. What do you gotta be an idiot to make money? Seems everything hitting highs or lows is getting blown out. That's the box-trade right now. That might last another month at best. It's so obvious it's gross. What's in between? The interest sensitive trade? Nope. There is no such thing, because it's already got it's legs knocked out from underneath. Nothing hitting serious highs but Goog and who really cares about that one. Let them break their own heads on that one. KKD, WSTL, CPN, ELN, GTW, LU, NT, SUNW. Just DCA into those boringly and see what happens. SIRI probably, too., Probably even TASR after a bit. DYN?