Forgetting that you care where the market is going, (meaning that regardless of your trading time frame you are invited to respond) which statement do you more agree with.
This market is in pre crash, pre scrisisrisis pre historic territory. Wouldn't be surprised to see 500pt down day before expiration.
Plunging dollar, rising energy prices have the fed handcuffed. Marketsurfer and his crowd long and wrong. Until I see a big volume puke day I'm short, short, short!
ego, at some point a plunging dollar is going to make dollar denominated assets look very cheap. especially if europe hiccups. remember, high energy prices are bearish for them, too. of course at least two european countries appear to be on iraq's dole, so they probably get their oil below market. /half kidding.
might be a contrary indicator ) I can't recall who said it but it went like this......"the public is usually correct in their assessment of the market except at the extremes" or close to that.