gordon

Markets Historically Overbought: Dangerous to Enter New Longs Right Now

You're on the money, Jeff! Just look at the Russell ($RUT or IWM)! when it goes parabolic it always collapses, watch the signal on RSI/STO. IMO, Paulson made sure the TARP monies went to the primary dealers TRADING DESKS, these funds are being used (especially year end) to trade. Nobody has asked if regulators restricted this bailout cash from trading desks.
There may be retail investors jumping on the train (always late) Monday, but I scalped profits also on Friday. ISM# ignored, that's "old news"?