Time to short. It might be more prudent to wait until the end of the day, but the direction of the wind can change at any time. Might as well take some risk. This is not a science in any strict sense, and this is as close as it gets.
It might be the last pump, but who knows.
The Greek non-event has been over-played. The Fed managed to plan and control the US market for 5+ years. It won't just give up like this.
Without inflation, there is no real correction.
There is nothing wrong for that because it will get there and it will be dead cat rebound.
But for today, it is obvious the there will be short covering. Nothing wrong to make a few bucks on the way down.
It is amazing people are lining up waiting for market crash. At 3:00 pm the market will be green.
Time to buy the dip. Correction is over for today. Rumor will be out that there is greek deal soon.
The first stop of SPY is 200. See you there soon.
This got to be the easiest trade ever. Headfake number one is over. A panic sell followed by headfake number 2 at the end of this week. Then rising into the holiday with thin volume for no good reason, and lastly the Lehman style drama will unfold during the July 4th long weekend. Perfect timing. The market planers are taking retail investors for a ride, and this is not the first time. Amazing the scheme still works.
Buying it up so that the circuit breaks can be triggered earlier when the default is official.
The big boys might want to continue the rumor game till the end of month. Greece is no deal. Now multi billionaires are looking for ways to contain its damage. Until then, enjoy the dead-man walking market.