An irreverent look at Wall Street
Seriously, how can the market remain so buoyant with all the bad news day after day?The recovery rally is done... 'cause no such recovery has taken hold yet.So what is this? The easy money is easy money rally?The we're gonna manipulate the market higher no matter what so get used to it rally?Makes no sense to me but it does appear time to get long again.Bears must be just incredulous about the close today.
It is people playing the easy money from the Fed. It will last until it doesn't. The key is knowing when that point in time occurs. Nobody really knows. Therefore, you should be careful to hedge positions, probably using cheap out of the money options.Palmoni,I am a bear. I have to admit though, that your maneuvering this past year has been nothing short of spectacular. More importantly, I love your humor and how you mix it up with the bears. The only thing that I have going for me is I realize the trend and don't try to fight it. I still maintain my bearish beliefs, but as a result of listening to you and others I have been able to make some money in this market by playing what the market gives you. Thanks for all the good work. Keep it up.
Who cares about your belief, bear. If you want to get religion, go to church.
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