i buy you buy we buy., page-61

For the bears out there,

I have no doubt in my mind the macro situation does not reflect current pricing.

We've had NOTHING but horrible data and even MORE horrible revisions of data.

This market is simply running on momentum. I have taken the hard step, to concentrate my shorts in two small positions on the most overvalued thing I can find, and scalp trades long/short along the way.

I actually think, from here on in...there could be another push to xjo 4000, dow 9000 and hk 20000 before we come right off. The market is currently in a trap and kill mode, I.E. traps shorts and longs and slaughters them.

Take the Dow for instance last night. If you were long, when jobs came out you'd be smashing it out and trying to look for shorting opportunities. But it just turns and runs straight up. Hong Kong is another. 3 days ago, it was sub 17600, and heading lower, and 3 days later its 1000 points higher, with ZERO pullback.

It's a tough market to be short, but unless you are a blind faith person, or just very very good in your stock selection like Selmax, its also really hard to go long.

I guess, all you can do is stick to your guns and hope sanity prevails before your bank breaks. Small positions, few positions and take the view that the world would actually look at a balance sheet and do the math and realise they are buying ink and pixels.

Which is why, if the market puts on 100% from here, I would still be on this forum.....pounding the bear case. Albeit more mutedly.