I think this need its own headline, I dont subscribe to the street.com, but this was the first few lines of an interesting article. Seems the break above 2000 that I mentioned last week could act as the next bull run. Is this risk FREE money or what????? Buy all the calls on the QQQQ you can get!!!!!! Just buy, buy, buy... This Is No Time to Short the Nasdaq 100 By Chris Schumacher About this article: Bears aren't likely to cap the Nasdaq 100's upside move until the index nears 2100-2300 resistance. But a return to 1940 would confirm that level as a price magnet. This session, I'm using NDX 1975 to 1990 as my guide.
Ha, im with you insert but it seems shorts wont win for 2, 3, or even 8 years. Like I said some of these emerging markets are up nearly 400% in only 4-5 years. I think if someone starts putting up bullish topics like Nasdaq to 3000 in August the markets may just dip!!!
If the nasdaq 1000 goes up the entire market would be going up so the article should read "Don't short the market"