Short at your own peril. Dow up 133 points on,...hmm, I'm not really sure, but who the hell cares? Buy everything that's not nailed to the floor. Oh, and POMO is just starting, so free Fed money! Party like it's 1999!
Hmmm, overheated run last 2 days? longggg extended bull run since last year? The start of February (end of Jan euphoria). Nice round 14k. I'm shorting.
LOL! Last two days? Good luck to you. In all likelihood your corpse will be set along side all the others.
Nope, fortunately for me I'm not a day trader like most of you. I have a mid exec level job at a large FMCG company that pays the bills. I can sit this market out until it becomes more reasonable - which I do in periods of mass insanity like this. But I wouldn't short this cesspool. The only "trades" I have on at the moment are FX related, and my IRA which is long Treasuries, hedged with a short on longer dated treasuries.
You and everyone else doubts the rally, makes me feel better about being long. Treasuries are the safe way to make very little money. Without a headline out of Europe, China Hard Landing, Debt Ceiling, Fiscal Cliff and whatever else they can muster up this market will continue to climb. Just no whee else to be, the Fed is forcing people into riskier assets and lets say the headlines actually turn positive then comes the public in towards the top. The guys who weren't scared will be happy to sell you their shares.
we are all here thinking for ourselves. youd be suprised how much I learned from some dumb ass redneck that didnt tell me shit