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Has The Market Run Too Fast, Before It Learnt To Walk?

|Includes: QID, ProShares UltraShort S&P 500 ETF (SDS)
They say, pride comes before a fall and it would be foolhardy not to take profits on this two week, enormous rally, that I feel has not got the true foundation to go up from here. In fact, it has gone up too far, too fast and for mostly premature reasons.
 
Like it or not, this has become a traders market in the casino of greedy gain.
 
If it continues to rise (and it may well do so) it will only take some nasty news, from out of the blue, to send the stock market crashing 2000 points, back to 6,600 or below. 
 
I am neither a bull nor a bear, rather, a student of fear and greed.
 
The greed has overtaken the fear this past week, however, the race has not got near the finish line yet. If you want to find a yardstick for success in the stock market, look around your neighborhood and see how many businesses and people feel prosperous.
 
Those who want to keep their portfolio of stocks can find protection in ETF's such as SDS that shorts the S snd P 500 or QID that shots the QQQ. I am not a fan of short selling, however, when a market gets unbalanced on the up side, it has its uses to avoid a disasterous fall in value.
 
There is no doubt, the day will come when it is prudent to buy and hold for future growth, but that may not be for a few year until the housing market, unemployment and collateralized notes have returned to more normal levels.

 As much I dislike the idea of short selling I have taken a position in SDS on Friday for protection on the few stocks I have left, as I have been selling into this rally ... I may not have to wait too long to close it? I hope I'm wrong for everyones sake, however, there is no such thing as a bad profit.