That is what shorts are thinking. And they love you to think that way too. China has not put their $6T in the work yet. European banks paid off the loan early. The Fed adds $85 B/month. Remember that shorts haven't covered the 9 Billion shares of US stocks (not billion dollars). This market will do higher. The only thing I am worrying would inflation. But maybe that the Fed has the medicine for inflation somehow. Too much money is going around.
We will see Duy, but the reason why is I see a big money drift out of equities and into bonds/treasuries/gold.
Every other time this has happened a market sell off has occurred. The only think I will be long in is VXX.
This all coincides with congress and sequestration talks. So far I have not been too wrong on what I said... Using charts yesterday I gave you a play by play on what was going to happen with GMCR... same thing with NG. Now this is a broad market moved back up with analysis from bigger players then me.
If you do anything, use stops on your long positions. You may thank me in march.