Market just traded up and down, down and up most of the day, sloppy and choppy, finally getting a bounce late day.
I think we should get a bigger expansion move into Friday and end of the month. Which way? My guess would be higher for all the reasons listed yesterday. End of the month buying bias, etc. Having said that, I'm hedging here since I just think we are so insanely overpriced. But, overpriced can get more overpriced. Bubbles get bigger until they POP!
I'm still under the weather, I just wanted to check in. I'm hoping the financials get another bounce, I would like to buy some puts on GS. Its tradin like it wants lower.
Have a great day tomorrow, folks! Make sure you email me with interest, if you haven't done so already, in the 7 day LIVE trading seminar in New Jersey, offering the (mostly) money back guarantee!
Michael Waxie Parness