SC, You guys are looking at an aging 8 year bull market, all the debt, etc, and averaging in on the short side, which is a logical strategy. After all, it's just a matter of time before the bull market ends, and they rarely last this long.
One factor to consider though is that since the huge 2008 collapse, the powers that be have been afraid to allow even normal corrections. The market was put on artificial life support in 2008 and now even years after the patient went home they still have him on all the IVs, and they think they can't allow even a normal consolidation without risking a collapse. And the higher it goes, the more determined they have to be to keep propping it up.
How long can they keep a bull market going, 10 years, 12 years? I guess we'll find out, and maybe they'll set the Guinness world record. But that makes picking a top very tough since the market is rigged to prevent any significant drops.
