>>So what's your strategy in such times? Just sit on cash, or go a little short hoping to catch the top? What are your thoughts on buying longer-term puts? TIA<<
Although I believe the Dow will break thru 10,000 soon I'm still staying at about 80% cash. In the mean time I've been day trading and taking profits quickly. My only longer term hold now is FCX which is up about 11 points from my buy point. I'm still not ready to do any heavy shorting. This market is in another bubble although many won't agree. Just look how many new highs are being made by companies who have negative revenue and earnings. By the time many of these companies hit breakeven on the earnings numbers their stocks will be at rediculous levels if we continue up from here.
Market Data 
Markets 
AI
