ok you guys who are smarted than me, answer this question,
"When is it worthwhile for GS to go short, do the stocks have to go higher? Popcorn 101 said the higher the stock go, the easier it is too short them, so as the bank stocks go higher, it's actually better for FAZ, correct?
We've definetely topped out, in fact we'd have sold off already hadn't it been for the White house plunge team propping up the indexes each time they started to collapse downward. I bought FAZ calls today and will continue to add both calls and shares as the markets begin retracement. I think "They" propp'ed the S&P above 875 to draw in sucker longs who were late to the party making it appear another breakout is coming.
Not all of us are perma-bears who shorted the very beginning of the rally. I rode BAC up from the 3's all the way to the 10's. A week and a half ago I dumped what I had left at 8.7 and showed up here, because I could sense that this rally was SO OVER! It's kind of been treading water for since then, as the liars and pumpers desperately struggle to prop it up against reality, which is bad for FAZ because the volatility makes it decay, but the rally has run out of steam, and I think that so many people know this nonsense has to end but don't know when that once the plummet gets started, it will snowball.