I thought sp500 1000 was the lid. I am now moving that up 1050, maybe even 1100. I cut down my shorts the other day by 50% and went long TBT. I have no idea when, but interest rates must rise. That is inevitable, assuming we aren't in a deflationary liquidity trap. Are we going to inflate ourselves like Weimar Germany?
I simply can't bring myself to buy stocks into this rally at this poiint in its evolution. So I am trying to think what else is playable? shit maybe nothing for awhile. Maybe only cactus feed.
Maybe I will just sit and swing on the long bond trade and ignore stocks for awhile.
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