OT: Elroy Jetson, Somebody,
Explain to me why the markets (techs) keep going up? Beside the Fed easing of rates, what the heck has changed so dramatically to cause this runup?? Earnings are still low, going lower.... Is this the mother of all shorting opportunities or am I missing something. The only thing I can think is that the mutual funds had SO MUCH cash from the Aug, Sept selloff that they HAVE to put it back in.
As far as I can see from your latest messages Elroy, you don't believe in this rally. Zeev does. I'm still holding cash and selling covered calls; have missed out on a lot of this recent runup, but wondering if I should jump in. Usually whatever I do is wrong, so the fact that I am getting ready to jump in means we are heading lower.
Elroy, you still holding cash, if I may ask
Mark Ivan |
