Market view

Okay - not much to say yesterday than ANOTHER FLAT DAY.........boring boring.

I am still underwater with my shorts but still holding all of them, if we keep going higher let it be, patience is key here and I think any day we could go down, just needs a trigger or an event.

I'm going for vacation to Norway this week and will be back early next week (Tuesday). Until then - SHORT SHORT SHORT, only thing I can advice people to do now.

Markets are moronic. Think about it. They're all slobbering over prospects of the Fed pumping more money into a debt-bloated economy. The bulls are hoping for an even bigger Ponzi scheme. Doesn't matter nobody wants the money or has credit to borrow it. Or just one big corporation puts out some better earnings, based on such as cost cutting and foreign slave labor, and all the problems of the world economy are solved. Why do you think there's the terminology "dumb money"? If people were smarter than greedy, would there be outrageous bubbles, in the first place? Or think about bonds. Is it smart to lock in 10 years at less than 2.5%, or 30 years at less than 4%, in times when sovereign debt is in question? Forest Gump had it right, "Stupid is as stupid does."

Have a nice week :-)