Because the technical structure I see on many stocks seems to indicate they are basing for a move higher. But that move higher would then encounter significant resistance levels that I think will result in the market correction the OP is talking about.
If you look at our growth, businesses are closing here and there is still a high unemployment. We are headed for another crash soon.
so, wanted to come back to ET today and see if there's any new insight in this thread. i still fail to see a whole lot of upside. but one might have to wait a while to win on the short side. in short, US equities are not enticing one way or another. a better short might be the chinese indexes....
I think we will get a 10% correction from the top. This recent few day rally is just noise. Although I trade a signal so it doesn't really matter what the market does to me.
This guy agrees with you: http://www.streetauthority.com/investing-basics/end-easy-money-and-bull-market-475257
i second the opinion that it's time to short the market. we hits highs in march and it seems like the buying frenzy is petering out now. i don't think we'll see a crash like 2008, but i think the market will decline slowly and steadily within the next few months.