Have to question the downside when the mms have a month's worth of puts to expire worthless by Friday.
The street doesn't agree by a longshot. I just read this recently on Bloomberg you will need to goog it:
Eisenhower Rally Repeating #$%$&P 500 Tracks Gains of ’54
I like it for a trade at least. All the recent IPOs open huge then selloff for a few days then run to new highs shortly after. XONE SALE NDLS etc.
Totally agree. Trend is up that's all that matters. I can do without the volatility right here but it is just creating buys.
so there is a floor under this market. Shorting is suicide unless we get a default which no one believes will happen. If one was to short I think this would be a good daytrade right now. Not something I would do but just saying.