what do you mean by smart money. imo smart money is not in the market they are in the sidelines. smart money don't trade and don't daytrade..
Not at all....He is SHORT humans due to our inability to deal with the evil globalists! http://www.youtube.com/watch?v=KSanIAROSc0 "All tyranny needs to gain a foothold is for people of good conscience to remain silent" - Thomas Jefferson
smart money? Like those guys at Bear Stearns and Lehman and AIG? Or do you mean those guys with a buddy in the Treasury department? Now that IS smart!
imo it's quite likely that they're simply hedging their portfolios because they know equities are very likely to be overvalued. There are probably none or very few commercial parties who are ever net short the market. This game is reserved for speculative operations. At this point they're probably letting the late entrants buy up the market further for the last bits of profit. I think that when the market tanks (and there isn't any way to know when the top is here) there won't be enough firepower to quickly get us out of the dip like the last few times. Hence another May-like correction or possibly worse could be in store. The main issue still is nobody seems to really be looking to sell this market whereas there seems to still be more money on the sideline willing to buy it up.