Yeah, the biggest rally of three lifetimes, and it’s never enough.
The propaganada is as thick as I have ever seen it.
Usually, all the shorts have to do is to think to themselves “this is it!, it’s finally going to blow” and the market runs them over.
When the day comes that it *does* crack, there won’t be any shorts left to catch it...either for themselves to profit from, or for the longs who will be smoked.
What it’s been like shorting the market this past 6-8 months:
http://www.youtube.com/watch?v=9K5-elYuPfM&feature=rec-LGOUT-exp_stronger_r2%20-HM
Not saying the market won’t correct or won’t even go down significantly. But where would people put the money they take out? Cash, with negative returns? Treasuries, with negative returns if the dollar keeps crashing? Gold? Real Estate? Wealth cannot be stored in a vacuum. It has to be in something. Everyone is nervous. There is always whiskey, guns, ammo and food. But you cannot tie up significant wealth that way.