We are in the first stage of our second ever Minsky Meltup. The first was the 1999 dot-coms. This one will be the entire stock market, and it will be endless. The market understands that the Fed has, after 100 years of experimentation, finally figured out how to make its stock market always go up. And now the Fed's power is absolute, unquestioned, and its actions are opaque and protected by the Best Congress that Money Can Buy.
I agree that we'e in a melt-up
I think there's a real chance that the Dow could rally 2,000 points in a 2 or 3 month period and that would be the trigger to sell all long positions and go short
But shorting now, like 2 months ago, 6 months ago or 2 years ago is just plain ignorant
"Absolute textbook charts for the S&P, DOW and Nasdaq...every pull back is a buying op and only the dumbest investors keep trying to go short"
Mark this post - sybs will save this one and bring it back in october after the markets are down 35% from their highz. Sybil will save this and set up a reminder for october 2014. CLASSIC. Philjoe == the ultimate DOPE.