No thumbs down Vz-- That's a good one.
The Pain Trade refers to the impending move to 4,500<----- YUP you heard right.
Back a ways I told you after we achieved my target from the Oct low there would be some some trouble here when we first heard the phrase S&P 4,400 that we should sell then. But wait--- The Target, it's skipped all the way to 4,500 <-- That is the level you may remember that a bank insider told me the Fed Could deal with (up until that level).....
To get there all the folks on the sidelines, all the disbelievers will have to be forced in... an upward move they call " The Pain Trade. "