OK, before I get all kinds of wacky emails – – I didn't create this video; incredibly, it was put together by an ostensibly left-wing organization. It's mildly amusing (particularly the second part).
For the past two days, the bulls have made a run at 1100, only to be beaten back like a squad of Joan Rivers impersonators at a Promise Keepers convention.
I want to be perfectly clear that I am using this as an opportunity to load up on shorts. I think people buying into the market right now are going to be sorely disappointed by the end of next month – – perhaps much sooner – – and I personally consider the absurdly high prices of equities to be the best opportunity the bears have had to make money since the summer of 2008.