you guys still don’t get it.
Do you know why the market keeps rising? that’s because there are too many bears like you out there. Don’t you believe me? look at the short ratio of the NYSE which is now at record high. The margin is also at record high, which is however mis-interpreted by the media as over-the-top bullish sentiment in the market. But such an interpretation is totally wrong, because when you short a stock, that is also counted in the margin account. When there are too many bears, the only way is for the market to continue to go up.
Since early march, I have warned several times over this message board that the chance is higher for Dow to go to 14000 and S&P500 to 1600 before the end of this summer, than going down. Nobody seems to hear my message. I don’t blame you. In fact for my own fortune, the more bears are ther, the better, because I have been FULLY invested. I’ll start to really worry when you bears throw in the towel, and cover all your short positions. That will be the time when I liquidate all my long positions.
