This in my opinion as you well know by now has gotten totally out of hand. The market does not even have routine pullbacks intraday - its an all day lovefest everyday. If the fed is not careful people are gonna start trying to take equity out of there homes to buy stocks...ooops no one has any equity. Times like these I try and find good arbitrages to do - I cant find any. Im a bear scorned. Bank Of America is getting investigated by the SEC and the stock does not even budge to the downside - I was actuall ong some BAC which I sold today. People are in a trance - imagine someone with both arms out in from of them chanting "must by stocks, must by stocks". I have no bright ideas - I guess at this point anyone who is reading this must think im a fool - always bearish always wrong. Im gonna keep plugging along here. the day aint over yet.
JB
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