closed all the shorts. this market will go up forever man! there is nothing that can make it correct....not even a Nuke on a major US city, attack on Obama or DC, bernanke or FED attack, NY attack.......atlantic tsunami into east coast, west coast mag 9.5 quake...... nothing. not even spontaneous demonstrations from hurtful islamic videos, Iran nuking Israel, depression in USA, Euroland, China deceleration etc. The FED will pump the S & P to 2000 before ending QE. The CNBC pumpers are correct MAJOR BULL MARKET so I sold TZA and went 100% TNA today. this markets got legs!!!! even 90 year olds are 100% equities since zero in savings. BUY BUY BUY never have seen a Bubble like this ever short of the 1929 collapse and 2000 Tech wreck. S & P may go to 2500 before a 5% correction! long and strong I love it!
Sentiment: Strong Buy
Sentiment remains hotly bullish. The Investors Intelligence survey showed pundit bullishness at 54.2%, matching a level seen in mid-September. According to Bruce Bittles at Robert Baird, optimism tracked by the National Association of Active Investment Managers is also excessive.
Jeff Kleintop of LPL Financial points out that through May 10, the S&P 500 has gone without a 5% pullback for 176 days, the longest stretch since 2009. A pullback will certainly occur, but wait for the market itself to signal it.
Now the market will correct 20%. Is everyone happy that I switched to uber bullish today????
Sentiment: Strong Buy
Held on to longs today.
Right side of the trade?
Yeah, but somehow I felt "saved by the bell" at the close.
Looks like a continuation pattern, feels kind of toppy.
Tomorrow will be extra interesting.
There you are! I was beginning to worry about you. Yes, your post will finally be the market reversal we've been looking for. Notice today when the Dow "tested" the flatline, they pumped it right back up with our friends the computer buy programs, only to finish the day over 60 points up. That way, they can do it all over again tomorrow!
Yes, keep buying everyone, Birinyi says we're going to 1700 soon, and then 1900 before the end of the year..Let's get there by next week!