All the bullishness on the web – even on my own blog – makes me want to puke (short term) and smile (long term). People never learn. Ever. This is a bubble. It's a bubble from the government, and it's going to make the Internet bubble and the Housing bubble look like a soap bubble. And people are buying into it like there's no tomorrow.
It's different this time, right? Sure it is.
Anyway, I shorted a large slug of FXE earlier today at 133.17 with a stop at 133.71.
