S2 Option Trader

[SyndicateTwo]

Exactly Plash, the big boys are the only ones out there trading. The public is not in the market anymore. The volume screams it. Hell, even Rick Santelli today on CNBC was talking about. Most wealth managers are 60%+ in fixed income and have been since the low. Why didn't they buy into the market on this? The DOW has now climbed what? 4600 points and no public money helped? Who the hell did it? Clearly a lot of short covering was responsible for a lot of it. But now?


When I see Najarian on Fast Money constantly talk about how 'cheap' semis and AAPL in particular are, I scream at my TV -- "COMPARED TO WHAT?"

The only valuation that matters on PE basis is that of the indexes. As I pointed out in the previous post, the SPX is most likely trading right now over 40 when factoring the healthcare expense to companies and the loss of their tax breaks. Add in that we are now at a fibo time/price level target with 2 major cycle lows setting up and a bunch of solialists running the country, I ask you, or anyone, exactly how do you justify the market priced higher? Also add in the clear 5 waves from 666 low and it is what it is.


I have a big bet on TZA that says we're going lower, much lower.