S&P Crosses 900

I hate to say this but it's almost a sure thing we keep moving higher. Some will laugh, but I have seen this before in 2003.

 

S&P500 to close above 903 so CNBC can say how great things are and how we are up for the year.

 

Why do you hate to say it?

 

Because it is bullshit

 

That mentality is what sets us up for a crash. Everyone long and long cheap put protection.

 

A sure thing, come on, no such thing as that in the markets. Except this rigged up market. Were everything is now rigged to the up side and every dip is bought hand over fist.

Watch how even tiny dips are bought like crazy. Their are no sellers, and everyone is forced to pay up to get in.

 

Join the party.....it's easy money right now, take it while you can.

 

Get some Vaseline tonight; you'll need it tomorrow!

 

The problem for you longs will be when the tide turns and you think it's just a blip, and then we keep dipping lower and lower. Now 50% of your gains have just been wiped away.. now what do you do? Think fast, spu's just dropped 10 handles while you contemplated what to do.

 

Bernanke is speaking tomorrow, there isn't going to be a pullback. If anything we stay even all day and jump another 200 on Wednesday.