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Re: 20nout post# 3360

Wednesday, 09/19/2012 11:56:10 PM

Wednesday, September 19, 2012 11:56:10 PM

Post# of 37920
Sorry, am busy with getting the house ready for winter, and the high maintenance GF (dont cry for me).

Still holding short, tried to short more qqq at 70.6, but missed by pennies again. I see at least a drop to spx 1450, and even 1420 is realistic target by early next week. Then who knows?

Bottom line: We have all the best news behind us for now, so a pullback on any negative news is likely. After that, "irrational exhuberance" will likely rule the markets into early next year, when "reality" (remember that, from historical times?) will take us into a nasty bear, maybe back to spx 900.

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