Thursday, November 4, 2010
Adding to the Fire
I have added to my short position, but with room to add more. We are in the vicinity of the April highs and that should provide a good risk reward backstop for the short position. We have a lot of euphoria this morning. A lot. I wouldn't be surprised if we are making the highs for this up move today or tomorrow.
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3 comments:
This market is the definition of irrational exuberance
You shorts have it all wrong.
Your playing with fire.
Bernanke said himself he wants the markets to go higher. Gez would that make you want to get in or out?
Plus extending tax cuts to everyone!
We should rally til the end of the year at least.
Long SHZ @ 2.33 OL DAWG
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