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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: yard_man who wrote (82229)5/30/2007 10:28:51 AM
From: Mike Johnston  Read Replies (1) of 110194
 
Those that sold on the previous China hiccup are afraid to make a mistake again.
The market sold off for a couple of days and then quickly rallied 160 points on the Sp500.
Nobody wants to sell for fear of another 12% moonshot.
It seems any "crisis" results in a 100+ rally.

It is very risky to bet against the printing press.

Disclosure: short spoos
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