It has been an interesting year. I am usually long the market. It breaks my heart that I would take a short position during one of the most resilient bull markets of the century.
Despite this though, if history has taught us anything, there is no bull market that last forever. Anyone who doubts this obviously has no business risking there hard earned money in the stock market.
This to me is the best time to be short the market. However, must have a strategy to offset losses as th market continues to drift higher, and have patience.
I like the resilisnce of this bull market. Just means the pullback will have more intensity, when it finally occurs.
The hardest descision for me will be when to start taking profits when the pullback occurs?
I wouldn't mind a flat market for a few weeks as some of my iron condors and bull put spreads approach expiration. Then, awakening one morning and seeing red errors across EU and Asian markets, and CNBC announcer looking sad saying the futures are lock limit down. "Priceless"