50 Shades Of SPY
Dragonfly Capital | Apr 11, 2013 02:04AM ET
This market has been strong. Despite published bullish sentiment being high, I continually hear from professionals that they are looking for a pullback. Some are real Titans, too. Many have a long term view that the market is going higher but wants to see a ‘healthy’ pullback first. This has been going on since November, and it has been one of the reasons that the market continues going higher. We will eventually get a pullback. But how long do you want to continue to call for one and be wrong? Is there some kind of prize for picking the top? Are dollars made shorting worth twice as much as those made just going with the trend because it is harder? I don’t think so, but then I have not been in school for a while now. I am very happy to let the wind blow at my back as I look for opportunities. While I am peruse those, the current market looks great on multiple timeframes. I promised you 50 Shades of SPY but how about 4 for now.
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