Still a few hours to closing. Funds rushing in, fast and furious, worried about missing the rally. Well, for now at least we are in BULL territory. EVery news is received as good news. Ah, not quite.
Market is way overbought and is ready for a pullback to rest and consolidate.
I suspect that any real dip will be met with heavy buying, but we probably get a pause here unless we get more good news. They almost have to be, so we may see some profit taking. What we sold, I'll be back buying if it dips much more from here. We said it don't matter right now what these idiotic companies are worth, they just buying because the perception is we hit bottom.