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Re: gfp927z post# 11316

Wednesday, 12/07/2016 8:44:56 PM

Wednesday, December 07, 2016 8:44:56 PM

Post# of 19856
gfp: Luckily my check to Scottrade still hadn't cleared this afternoon. Then the melt up occurred. Seems like a blow off top is forming. The current rally looks to be based on hopium and short covering. There is no fundamental basis for it. But there hasn't been a fundamental basis for years now. The Fed will be raising rates next week. I think that I'll start adding some short positions very, very soon.

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