Banana Ben is a Broken Record

The market did not go up because he will do QE3 even with improving economic numbers.  That is a given, and it surprises me to see people surprised by this fact.  He says the same thing over and over, and people act like its something new when he says the same thing. The market went up because you had a selloff late last week, the market was coiled and ready to rocket back up on anything.  That's how bullish this ES is.  Corrections last 1 or 2 days, max.  We are up 160 points in less than 3 months.  That's over 50% annualized!

That being said, I can feel this market is losing energy.  Kind of absurd to say when we are at new highs, and corrections last 1 or 2 days.  But the fact that we are getting corrections more frequently is a change of character.  And we are up a lot in a short period of time.  But no, I won't be shorting American stocks when I think we are ready to go down.  Instead, I will be shorting foreign stocks or ETFs.