Latest equity rally threatening to “suck people in” for another pounding

Hedgeye’s Keith McCullough explains why he went short the stock market today even as the Dow approaches a new high for the year.

Here is a direct link.

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7 Responses to Latest equity rally threatening to “suck people in” for another pounding

  1. John says:

    I don’t know who’s right, but I think one always has to be suspicious of anyone who offers the general public free advice that their clients had to pay for, even if it’s with a lag.

  2. dave says:

    Please have a look at expert technician and respected analyst Bill Carrigan as he calls for Bonds to be the sell of a generation

    http://gettingtechnicalinfo.blogspot.ca/

    I believe if you think longer term he will prove to be correct. However if you are more short term trading in nature and are trying to game the market treasury rates could go lower still. But 10 years out I think we will look back to this period with this Euro crisis and will see that selling Bonds here was the correct move

  3. dave says:

    One more thing currently it seems that everyone is waiting for a big pullback in the S&P here. Many times when everyone expects something to happen the exact opposite takes place.

  4. dave says:

    For example everyone is expecting Greece and to exit the Euro I think the opposite will happen and they somehow stay in. Any many think the Euro will break up. I don’t think this will happen either.

  5. aliencaffeine says:

    Chicken-Littleism. Eventually a broken clock is correct….twice.

    Quit trying to ‘predict’. Trade what IS HAPPENING. Thats where the money is. Like the gold price. It COULD be a bubble, and it might go well beyond 3,700 depending on the US election/Fiscal cliff. Just trade your charts, and you will be just fine. Just like the current drought. It will rain again…PROMISE.

  6. FredB says:

    Time to raise some cash from both stocks and bonds. Use the money to stock your bunker with toilet paper and cases of canned goods.

  7. Huntly says:

    At 3:20 … “You feel like we could be on the cusp of a big rotation out of treasuries into stocks?”

    No!

    Duh! WTF did that question (or was it) come from?

    Perhaps these people think that saying “…on the cusp of a big rotation out of treasuries into stocks…” enough times puts it out there and makes it reality. That is how Hopium is made.

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