Sometimes you must throw logic out the window and just go with the path of least resistance. Today, there should be no doubt what that path is!
ANY trader worth his salt must either be long or on the sidelines. There is NO reason to be net short
I was wrong thinking the market would go down into the end of May and if i've learnt one thing over the years it is to force yourself to do what is uncomfortable.
Therefore......I am all in....on the LONG SIDE. This market is going MUCH higher.
Just in from Cramer:
"Take Some Off the Table
10:33 AM EDT
The only exception: If it can get a buyout. More"
Which means this bounce will turn into the next leg of a roaring bull market...
"may" get nasty?
my intitial thoughts were for a dow close below 13300 on Friday. I am now thinking we could get there today. At some point we are going to hit an "air pocket" which will be good for a 100-150 point plunge....
Cramer tries to rally his cadre of followers......
"Move Fast to Buy Market Dips
3:12 PM EDT
They don't last long these days, and they're your only chance to enter some names"