I guess the market will never go down. Good Times are here again as the Dow reaches 11,000. Next up... 12,000 --- with 25% unemployment, instead of the 17% we currently have. The more people are unemployed and underwater on their house value, the better the economy... right?
That's what the media is feeding the unsuspecting pigs (I mean public). Get them to borrow their last dollar from their maxed out credit cards and buy, buy, buy! Don't miss the rally, the bull is just starting... so says the media!
At this point, I see no way to make money shorting this pig! It just keeps getting fatter and fatter. How much slop can this pig eat? Apparently enough to go up another week... or month, or year? Who knows? I've never seen such a huge disconnect between the "real" world... which sucks right now, and the "twilight zone"... in the market.
Unless the earnings are really bad this week, and I seriously doubt it, the market will probably just trade sideways to the usual slow grind up. I feel I like I'm on an old dark century torture table, that slowly stretches my arms and legs... one notch at a time. I can hear my bones start to crack, as the Obama Gangster Gang smiles and laughs as they slowly rotate the wheel, and the rope tightens as it pulls me a little more apart.
It would be nice if the ropes would snap, and free me from this torture table, but I just can't see any reason for the market to fall this week. Although I can't find any technical reason to go long at this point, (the only reason you really need is the fact that the printing press is still going strong). Without the mass printing of our money, which is then given to Goldman... who pockets half of it, and uses the rest of it to push up the market... this market would have corrected a long time ago.
However, nothing really matters as long as they have tons of free money to buy up the market. It's not going to fall, until every bear is dead. Someone sent me this chart showing the extremely low level of bearishness in the market currently, as it's at 18.9% now... with 48.9% of the people bullish.
The 5 year low was 15.6% bearish, and 62.0% bullish. So, I guess we have a little ways yet to go? It seems that we are going to head up to 11,816 dow first... before rolling back down to 107.38 spy. So, I'm going to go long here with every last penny I have... (about 6 cents, as I held back the money I got from pawning the wife).
You know, if there is one thing I can say, that's 100% accurate and true... is that "This market is really wearing me out!" I think I'd be better off as a "Buy and Hold" retail investor right now, as everything is smelling rose too them presently. Of course it will eventually be their turn on the torture table, but right now it's my turn... and my poor old body can't take too much more of this torture.
Just kill me and get it over with! Stop with the slow grind... day in and day out! I can't take the torture anymore. Rally up to 12 million and get the damn P2 over with... please!