Replies to post #45840 on SPDR S&P 500 (SPY)

[leftyg]

Dan...yeah..no doubt the runup today made some perma bears a little puckery.

It's great to play both the long and short side successfully...but if you're permanently a bear, it's likely your hide is going to be tanned. It's hard to fight the immense forces that can be deployed globally, and especially in the US, to truncate any downside action.

Like most here, I try to pick my spots to go both long and short based on reversion to the mean trends. Long term there is no doubt as to which direction the prices will move......DOW of 16,000 and 20,000? Of course. It is not a question of whether, but when. And, of course, it may take $10 to buy a gallon of milk when it happens..Regards.