There are still far too many bearish people to stop the market falling ATM, for example there is a guy on this site who is shorting 3 x levered long ETF's! Whilst this idiotic behaviour continues it's up up and UP.
On Jun 08 11:50 PM TraderRob wrote:
> -yup..this bull cant be stopped. keep buying the dips. I,m a bear > but DONT short this market yet. > > What are you waiting for if you claim that you're waiting to get > short this market? There are no real catalysts on the horizon that > are going to break the back of this one. It's going to be the tenuous > move of those on the margin into long positions that signals the > top. Watch the 10yr and 30 yr as well as the 2yr Treasuries as they > will manipulate mortgage rates and Fed Funds respectively. Things > are working in reverse since the Fed is in grid lock... the bond > market has the wheel and Bernanke's in the back seat. Watch for a > Fed Funds rate hike some time during the rest of the year if this > Yield curve continues to steepen.
Monday's Closing Update [View article]
Monday's Closing Update [View article]
On Jun 08 11:50 PM TraderRob wrote:
> -yup..this bull cant be stopped. keep buying the dips. I,m a bear
> but DONT short this market yet.
>
> What are you waiting for if you claim that you're waiting to get
> short this market? There are no real catalysts on the horizon that
> are going to break the back of this one. It's going to be the tenuous
> move of those on the margin into long positions that signals the
> top. Watch the 10yr and 30 yr as well as the 2yr Treasuries as they
> will manipulate mortgage rates and Fed Funds respectively. Things
> are working in reverse since the Fed is in grid lock... the bond
> market has the wheel and Bernanke's in the back seat. Watch for a
> Fed Funds rate hike some time during the rest of the year if this
> Yield curve continues to steepen.