I am going to keep it short and sweet tonight.
I am amazed at just how many people I know that have turned bullish. Seriously, bullish?
Absolutely, nothing has changed since a few months ago, if anything we have more clarity as to why this recent bounce was just a bear market rally. This euro crisis is far from over and I still think that the gap from 9/1/10, yes 9/10 is going to close before we move substantially higher. But, people are easily swayed by a sharp rally.
So, as I type this futures are substantially lower, again. And, my guess is that the selling continues throughout the evening and into the open tomorrow.
Check out the following vid: Easy Come , Easy Go
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