Joined Apr 1, 2010
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Your thoughts on sentiment indicators, chess ?
http://news.investors.com/business/110613-678173-investors-intelligence-shows-too-many-market-bulls.htm?
Part and parcel of a relentless bull market and the action in Russell this year. Sooner or later too many bulls polled will come home to roost. If bears can follow-through lower with biotechs & the TSLA types of names then I think it will become more relevant. As you know, downside holding for bears has been abysmal for bears in 2013.
Nice wrap up again. Unless you were in the Dow components or a narrow list of performers, it was actually a nasty day. My trading port was down .8% and I’m 50% cash – which includes a stake in $SRS.
Thanks, Grave. I agree. Dow & staples masked tons of high beta weakness. Hope all is well.