You can put your head under the carpet and pretend its not going to happen, but a drop to $2.50 is inevitable before a pullback. Rifin is now in a confirmed uptrend and DOW 9000 is imminent. Hey, I've lost money trading FAZ all the way down like everybody else, but each time I've sold I've gone super-long and made up those losses and more. You just can't fight the trend and right now, whether it makes sense or not, it is up. Sure, the fundaments are lacking and this 'better than expected' is a joke but you cannot ignore the money on the sidelines, most pulled out around DOW 9000 and are getting back in now, as if they saved a 500 point drop and they are ahead of the game. We might see some small moves down, but the capitulation occured in March at DOW 6500. We are not overbought at DOW 8500, maybe we will be at DOW 9500, but the market is still cheap and the economic data is rigged and will continue to come in 'better than expected' at least for another month.
I went to swap meet to buy fresh fruits and I was surprised that the place was empty. If BULLS think that economy will recover soon, it's better to buy lottery because they have a better chance.