yes for the main street mom pops who don't know what 'short' is, they are flat; for the 'traders' who have just learned what 'short' is, they are short.
padu is spot on here. The dumb money is empty handed here. Euphoria means your hair dresser and taxi driver giving stock tips.[/QUOTE] %% EVen though I don't think DOW/DIA is much of a benchmark, IBD does publish DOW PE ratios. At about 16 or 17, that is the low end of a 5 year range. Paul T Jones did compare it to early 1999; a naiVe reporter said said ''so sell??"[ LOL ] QQQ is still looking good for a reader of Stock Traders Almanac/inVestors.............................................................................................................RAY Dallo /BridgeWater said ''cash is trash''LOL party true unless one is in trash/ recycle business,