Well, we are all thinking it...or at least it should be in the back of our minds. We are overbought on many different indices....so why dont we start a list of stocks we are looking to short in case of a correction. Ill start. LEH...lehman brothers. Banking is overbought, and lehman is having a hard time with the mist recent 52 week high. I am looking for a short if the uptrend is broken.
Brokers are a good category IF we get a "correction". They usually fall more than other sectors. Retail is another sector, just because its had a good run. KSS TGT WMT JCP Oh yea, banks too BAC C JPM
exactly where i was looking as well! banks also tend to lead the conomy as well...so a decent indicator.
I like these "all thinking it". Means we are probably going higher for a while, with some good old-fashioned short-squeeze.