the fact that stock_trad3r has returned is reason enough to take profits and keep stops tight. He is a herald of doom.
They always pump the market up before they crash it. This time the market will fall but won't get back up! Have fun while you can those of you who are long only traders.
Another guy post-rationalizing his short position by predicting a bigger crash so that in expectation his trade works out.
It's all rigged to the upside now, Goverment will create fake numbers to push stocks higher, they always do. Won't create any jobs but who cares, buy buy buy.
Thats all it is, every analyst I hear on bloomberg, cnbc and everywhere else are just too bullish, its all panic buying, everyone is rushing into to grab gains they think they are going to miss sending the market higher, this market is extremely overextended and by now many should be taking notice of it, once the market heads south and every who was buying in panic starts to panic and starts selling were going back below 8500. I added many short positions in the last 2 weeks of trading, im still holding, not worried because I know the market takes the the stairs higher and the elevator lower. The markets can lose 2 weeks of gains in 2 days.
Look at this Panic upgrading going with panic buying. He is about $200 too late. Is this the highly talent wallstreet professional that we need to keep around?