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Clearly you think I do deserve a response because you've been publicly shitting your pants for the last two hours on this thread. Wow, "$Millions". What currency is that? How about a link to the record you keep jerking off to?

Wow, you're awesome. I'm sure all of ET thinks so. And that's really, really, <i>really</i> important to you, isn't it? What other people think? Didn't your mother hug you when you were a child? No, really, post a picture of your trophy. I bet it's really big and shiny.

<i>I'm</i> name calling? LOL. Could you please post a picture of your trading trophy? That would be awesome.

You really are five years old, aren't you?

Re #1 - same here. Re #2 - The VIX broke below its 200 day MA this week. The VIX broke below its 200 day MA in August '06 and the market went straight up for the next 6 to 7 months. I'm not saying that will happen here but it's something to consider. Re #3 - Excellent points. Psychology...

I don't care if you're George Soros if you can't add any value to the discussion at hand. So get over yourself, take a big valium and YOU shut the fuck up, you fucking moron.

I asked you to elaborate on why you disagreed with Birinyi and your only response was "mortgages", then exploding like a five-year-old and calling me a fag. Wow, you're awesome. By the way, if you have to defend your opinions by screaming, "I won a contest!" then your opinions must be...

The only ink you got from Barron's or IBD was from sleeping on them. Look, you're the one who's having a nervous breakdown because I asked you for an intelligent counterpoint to what Birinyi said. I guess all those millions don't buy happiness, eh?

Another TrailerTrader lighting his cohibas with $100 bills. Any money you've got you inherited.

LOL...took the words right out of my mouth.

Well <i>except</i> for serial poster S2007S. He's sharp as a tack. :D :p

You're really on the bleeding edge of market info, aren't you? The market and the economy have been chewing on that for well over a year. Conventional, boiler-plate wisdom. Turn off CNBC and start thinking for yourself.

I've never used his service and I don't trade off of what other people say. That is good first person info from you, though. Thank you. I've seen him make good observations in interviews and I check his blog about once a week (along with a bunch of others). My point is that I'm more...

So your only response to Birinyi's statement is a useless, ad hominem "he's totally ridiculous." Wow. Big round of applause for that empty, unproved observation.

You know more than Birinyi, right? Go ahead. Educate us. Your view is based on whatever the conventional wisdom is on CNBC and on the internet?

And you base that contention on what?

Birinyi is an extremely sharp, intelligent guy. Not to be dismissed lightly. That doesn't guarantee he's right but he's been at this game for a long time and he knows what he's talking about.

Careful. Averaging down can kill you. With the market up so much today, we'll be short-term overbought in a day or two and you might be able to get out with a profit but we could also consolidate for a few days and move sharply higher which would really suck for your index puts.

How'd those puts work out?

Too bad we're not trading the Beige Book. And the market doesn't happen to give a rat's ass about the Beige Book at the moment.