Just some facts
- liquidity exists providing cheap money to "gamble" in the market and was promised by AG for at least another year today.
- However, playing the short side with this easy money doesn't reward the street that much unless your bashing Nasdaq stocks unmercifully.
Playing the long side has many benefits for the street. Large cap multinationals will be bid up aggressively with this cheap, loose, money to reduce their unfunded pension liabilities. Then the street can float a ton of bonds convertibles and equities of these suddenly solvent companies.
Just how quickly we passed DOW 10K on second try. Any reversal of market is 3-4 months away if economy doesn't produce 100-150K jobs per month on average in that time frame.