I still have about 33% of my 401k long, so I am benefiting from this insane ramp up. My trading account is all cash, except for a (worthless) $50 position in SRS calls.
This market was overbought at 1150. Now it is really overbought.
Dread, I'm just dying from shorting everything! Even if you guys decide not to go short, I would not go long, even if we run much higher. EVERYTHING is saying this market is overbought.
OK – I don't blame you.
Out of TZA
What's bothering me is that the VIX is not coming down as the market is moving up.
Tell me about it.
I don't believe market forces can be controlled over any long term by intervention.
Shorting a liquidity driven market = standing in front of a runaway freight train with a gold vault on it.
Logic says good idea to intercept that train of gold. But you'll be dead.
I still have about 33% of my 401k long, so I am benefiting from this insane ramp up. My trading account is all cash, except for a (worthless) $50 position in SRS calls.
This market was overbought at 1150. Now it is really overbought.
Late July/ Early August for IYR.
When is the last time you saw it like this?
Dread, I'm just dying from shorting everything! Even if you guys decide not to go short, I would not go long, even if we run much higher. EVERYTHING is saying this market is overbought.