LOL, u really think anyone would short this insanity. I dont care how "bearish" you are, only a freakin moron would try it. Why are all the buy and holds so happy here?
Yes I do believe some are shorting this market, if you look up at the poll results, that may give you a half-baked clue. There will always be traders trying to catch tops and bottoms or whose outlook is contrarian for contrarian sake. Why are all the buy and holds happy here? Maybe because "they" can sit back and coin with little commissions and effort.
I also like buying the dips, there is no risk, i was just out .50 and made .20, so i also enjoy the strength of this mkt. A note of caution, brokers are hooting and hollering again. just like the 2001.
You may have spoke too soon, Anyone who caught the intraday top with a short, would of been a great trade.
In support of #4: http://www.thestreet.com/_mktwrm/stocks/brokerages/10237862.html?cm_ven=CBSM&cm_cat=FREE&cm_ite=NA Volume Up at Online Brokers By Nat Worden TheStreet.com Staff Reporter 8/12/2005 10:57 AM EDT Two online brokerages released figures from July showing increased trading activity and gains in clients assets under management. Charles Schwab (SCH:NYSE - commentary - research) said total client assets were $1.14 trillion in July, up 17% over a year earlier and 3% over the prior month. Its daily average trades for July totaled 214,100, up 42% over the year-earlier period and up 7% from June. Separately, Ameritrade (AMTD:Nasdaq - commentary - research) said it opened 23,000 accounts during the month and closed 14,000, for a total of about 3.7 million accounts. It recorded 144,000 average client trades per day in July, and its client assets totaled about $82.2 billion, of which cash and money market assets were $13.2 billion. Shares of Charles Schwab were recently trading up 11 cents, or 0.8%, to $13.86; while shares of Ameritrade were breaking even on the session.
which reminds me, anyone use the ameritrade index? I've heard some traders look there for ideas (what the sheeple are buying/shorting): www.ameritradeindex.com