Quote of the Day

Quote of the day (courtesy of ZeroHedge)
No matter how far down we go, people are more concerned about missing a rally than the risk of another down leg.
This is in line with my perception that there's too much hope and bullishness in this market.

Just looking at this morning action in Asia, these evil speculator drove the markets up 2.5% making — me hit my stop in the process and cutting my profits — while the US closed with major losses. If this is not bullishness, then what is?

At this point, I'm open to buying a dip or shorting a top for short term trades of say 2 to 24-48 hours holdings.

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