That is never an argument to go short. Unless you want to wipe out your account. Off course it will go down one day. But by that time most traders who anticipate to early will have had already a dozen of margin calls in best case, and a wipe out in the worst case. A perfect example of that is the 8 shorts in a row from Surf. The statement sounds desperate too, not a good sign in general.
very true, i think jesse livermore lost millions shorting a bull market before he got lucky and struck it big
I'm just going to throw out a guess here. I am typing this at 12:56PM CST. The Dow is actually showing more "structural" strength than the Russell and e-mini S&Ps. I doubt both can be lagging that badly. I bet that YM sells-off at some point today and touches 20911 again. Longer-term things still look bullish, just talking about today.
Vix falls below 10. Consolidation ahead. Dull boring stock markets. Slow grind higher probably. We need a black swan.