thanks bro..........quick recap of the past 4 years: 21 consequetive rate increases = bullish terror attacks = bullish $700 gold = bullish $80 oil = bullish subprime mortgage meltdown = bullish talk of trade war = bullish global warming = bullish threat of war in iran = bullish isreal vs. lebanon war = bullish hurricane katrina and rita = bullish democrats take over congress = bullish 30% approval for bush = bullish largest deficits in history = bullish unending war on terror = bullish 3k US soldiers dead in iraq = bullish 600k Iraqi civilians dead = bullish north korea testing nuclear bomb = bullish osama on the loose = bullish fed says inflation is a concern = bullish greenspam says 33% chance of recession = bullish nobel winning economist says we're already in recession = bullish delphia bankruptcy = bullish impending gm, ford, and chrysler bankruptcy = bullish chinese maids choosing to trade rather than work = bullish darfur crisis = bullish depleted natural resources = bullish smog = bullish cancer = bullish aids = bullish traffic = bullish pesticides in food = bullish frankenfoods = bullish 57 trillion in unfunded liabilities = bullish school shootings = bullish china triples tax on stock trading = bullish constitution torn to shreds = bullish wake up on the wrong side of the bed = bullish
the plaque = bullish world war 1 = bullish the great depression = bullish world war 2 = bullish holocaust = bullish assassinations = bullish natural disasters = bullish 87 crash = bullish drugs = bullish disease = bullish brittany = bullish ben = bullish d = bullish . = bullish , = bullish = bullish :eek: = bullish = bullish = bullish
I would start trading both long and short up here. Rather than wait for the dip and then getting long. I would short the dip, using smaller size.
i see a sea change in psychology coming......average americans got hurt bad by the 2000-2003 bear market........they probably sold the bottom and have stayed out of this bull out of fear.........but now that fear is gone.........its like if this country can endure as much as we have in the past 4 years and endure the biggest bear market in 70 years........and 4 years later back to all time highs............the fear is gone..........complacency has set in.........greed hasn't even set in yet like in china.......i don't think people can be scared into selling anymore.......all pullbacks will be bought........even if its a severe 10-30% pullback people will just hold now........especially knowing what a good hedge stocks are for inflation just like real estate..........very choppy secular bull market ahead just like since 2003 - but i think a lot more choppier going foward.......after 1650 SPX and 15000 DOW.
ALL YOU NEED FOR A CRASH IS HAPPENING... Extreme bullishness.. 1929, 1987, 2007 (TBA) http://www.elitetrader.com/vb/showthread.php?s=&threadid=94844