Thursday, September 23, 2010

Disheartening Action for Bears

This group of people cannot catch a break.  All news is being bought with glee and fervor.  No jobs? No home sales? Europe who? No problem - as long as Bernanke supports the stock market and Permanent Open Market Operation hit every other day to boost stocks at 10:15 AM we're good.

Obviously the S&P 500 cleared right back over 1131 which is a knife to the back of those who think the market can actually sustain a selloff.  Sometimes you feel like a trout swimming upstream, and this is one of those times.  At this point shorting anything is more of an academic/theoretical exercise to see how many days hours minutes it takes before you are stopped out.


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