Replies to post #568 on Estimated Prophet Portfolio

[wyobuford]

The market continues to prove its resiliency, however, volume trend is slightly downwards despite these new (or nearly new) highs. Looks like $$ is slowly making its way to the sidelines. I'm not short, but holding a short leash on my plays at the moment. It has been great to add to and pad the account nicely during this run, but perhaps in the not too distant future, it'll be time to protect those gains. Short term euphoria with dark clouds ahead, imo.


Buford T.>

[Jamar_Grip]

I've just been sitting on my ass smoking this crack market. I can't bring myself to buy long and shorting is a waste of effort and $$ it seems right now. So while I sit, the value of my freaking US Dollar denominated holdings erode slowly before my eyes.
This is the desired effect the goons are driving for. No one wants to hold any cash right now, you got to buy simething, anything. Stocks, gold, bonds, RE, anything BUT US DOLLARS. I underestimated their ability to force this upon us.

I think the market will keep rallying into the end of the year now on lighter and lighter volume. Correction of worthwhile magnitude will occur sometime in 2010 when reality starts to bite again.