There are a group of traders/investors/journalistas out there that feel that every tick up in this market is suspect. They can always find a billion and one things wrong with the world to prove their point….well bad news has been with us from the beginning of time and will always be with us. I find it much easier and profitable to run with the bulls when they are stomping instead of trying to place contra bets against the market all the way from 6500 to 9500? Thats an almost 50% move up and it does seem lofty, but remember the market fell from much higher levels.
The bears will eventually be right as a broken clock is right twice per day. But because of the upward velocity of the market, the bears have been placing small bets to hedge themselves….so when the “BIG” day does happen, they wont have enough “on” to profiteer from.
The rose colored glasses are in my desk draw…I promise. There are a whole bunch of people who think the bulls are delusional…case in point — Cramer. Oh, “he is a snake-oil salesman”, “the eternal optimist”, “never met a stock he didnt like”…but it all comes down to PnL (profit and losses)….and he will be in the positive column this year, bigtime.
Over the years I have learned the hard way not to go against a market and trying to front run it by going contra leading to insolvency. My point is “make hay while the sun shines” and quit complaining about froth…you wanna see froth, go check out Amazon’s (AMZN) or ebay’s (EBAY) graphs from 1999 - 2000.
Disclaimer: No Positions above. This post is merely to present an idea and not to try to persuade you to buy/sell any security within. Please do your own Due Diligence BEFORE making any trades.
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