Afer recent enthusiasm and peak bullishness, -deep into the move... the mkt is momentumless... like a ball spinning in air not moving up nor down... just trapped in time.
Most individual stocks... Citigroup/Clear channel (CCU) etc look like sells here and so that is what we have been doing (we are short C and CCU and about 3 dozen other big names)
I am not surprised at all the bullishness as of late what does surprise me is how some of the so-called bears have become bullish...
I would attribute this to "buying the dipitis" its a bad disease...
PLEASE INOCULATE YOURSELF IMMEDIATELY BY OPENING A VICKERS SHORT ACCOUNT, FILL OUT FORM TO THE ABOVE RIGHT. -DV
"The point at which a competitor is pursuing the best possible strategy, given the strategies of the other participants" - John F. Nash
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