I don't think anything other than violent gyrations up and down in the market are in the cards for a while. It will take time for people to realize that they will not get another shot at buying stocks at historic lows. Maybe we pull back a little (5%), but that's it. Eventually the market WILL take off and we will add another 1000 points on the DOW.Remember that the market is composed of buyers and sellers. The thing that has changed is that the US government is leaning hard on the buy side. They will do anything and everything to prevent economic collapse. Why would you want to fight that? It's not a fair fight, and eventually traders and investors will realize that. Only a fool would attempt to short the market for anything longer than a day or two at a time. You must be long. That's the logical position to take.
Never fight the fed. Their balance sheet is larger than yours. It's a rigged fight, so always bet on the bigger guy.
Folks, this is Johnny Newsmaker signing off. We now return you to your regularly scheduled programming… "You Can't Do That in City Hall!" only on Ranting-TV…
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