Beast

This market is a beast a total beast. Biggest gain for the DOW since July - yesterday morning PIMCO, CRAMER, ROUBINI they were all out in force saying we are going lower the rally is over, CRAMER said we go to 9500 - today he says the bears overreached again - whatever that means - I was covering stuff yesterday not laying into my shorts and Im a bear.
No matter - today we rocketed higher. Yesterday afternoon Goldman cameout and lowered its GDP expectations and that caused a weak market to cascade lower - anyone else think that maybe they were just laying a trap hoping to get people short and then when the GDP # came out better than expected today they would crush the shorts??
Today could have been some window dressing for the end of the month...or maybe it was people actually believing a GDP # that printed during the largest government stimulus period of all time, cash for clunkers etc...The number that got ignored again today was that 530k people (worse than expected by the way) filed initital unemployment claims. When is that gonna end?? How can team Obama say they are doing a good job when these types of numbers are seen every week...The data on vacant houses in the US is stunnig right now as well 18.9 million homes...Houston we have a problem, a huge problem...Fundamentally I remain as bearish as ever - yesterday we covered a bunch of stuff with it being the end of the month and all as fundies mark up their books - but Im so bearish I cant really see straight. Except for the true wallstreeters ( I am a trader, not an ibanker, not a broker, but a trader of my own and my investors capital - and never a wall streeter) who have thrown themeselves a government sponsored party this year the country is still struggling, massively, and wall st amazingly convinced the US government to take on all the risk....The future is scary.

JB