The Higher We Go, The More Delusuional The Shorts Get
They are all waiting for "magic" to happen to push the market down so that they can escape their underwater position. There will be a shortable top, question is will any of them be solvent and /or sane when that top comes.
Its the other way around. The higher the mkt gets the more delusional longs get. Stocks are not cheaper the higher they go. In addition, the fedi forcing people to overpay for stocks...its that simple..shorts are getting squeezed and liquidity is making people euphoric and stupid..it can last longer for sure but the drop will be a #$%$
Nope-actually it's like this-the higher the equity markets go-the higher margin debt bubble goes-Do you see the balloon expanding? Today, the bond markets felt a little Freddie Kruger love for that margin bubble-Hello Kiddies!
This is true. I think they are getting antsy on when to pull the plug on this fake market. Nobody in his right mind actually BELIEVES that things are better now than they were in 2009--all we've done is kick the can.. eventually, there will be nothing but bouncy walls left to kick it against.
My latest guess was S&P 2000 (or just under it) before they tank it, but it is looking more and more like they can't hold this ball scratch much longer. Look at it get downright frothy today.... maybe we get a little pullback heading into the summer, but they really would like to steal more retail $$, IMO... right now, it's mostly central bankers' own money that has pumped this market.