The fundamentals of this market and the global economy are deteriorating rapidly...
The Bulls will push this charade until the very end. This market will continue to remain exuberantly bid until the flashpoint, 2008 Lehman like moment which will knock the entire system down to it's knees.
Oil got hit today, the over-supply imbalance isn't going anywhere. I remain bearish on Oil via SCO & ERY.
Up here in space there is no resistance and the market could very easily go hyper-parabolic from here.
I'm no longer such an ardent bear. Instead, I will focus more on very short term Intraday trading/ Scalping opportunities. Perhaps I will make use of a popular strategy involving 'buying the dip' or more correctly played in this market 'buying the all time high.'
Good Luck playing the Great Central Banking Bubble of 2009-Present