Everyone and anyone is going long, all the people jumping in now are the ones who sold when the DOW was under 7000. These will be the same people selling again under 7000. Sad how people chase a bear market rally in an economy that's completely broken.
With puts and treasuries on sale, there's no excuse not to go long and be able to afford to protect yourself.
Why is it sad? Join the bulls, go long, and ride this wave with the rest of us. As long as you properly manage your risk you can protect yourself for if/when the market falls as you've predicted. Then at that time go short once the tide changes. It could be a WHILE before the market drops back to what you think it "should" be trading at.