Long-Side Buyers Hear 'Last Call'

Six days without more than a mere pause. I just think the involvement is low at this point. Anyone on the sidelines has pretty much capitulated and is tossing money in before the end of the year. I know very few longs who are even thinking about taking profits right now. The few folks I know who are shorting have a very itchy trigger finger, constantly cutting losses quickly and then looking at going long. It has been just too easy to make money going long, and I'm starting to see more and more converts now just throwing up their hands.

There really hasn't been anything "different" to spur this last round of buying. I suppose we could call the taper "news," but it isn't tightening. If you have a hose on full blast, then turn the knob slightly, you still have plenty of water coming out. You still continue to make the puddle under the hose grow larger and larger. Although it might be at a slightly slower rate, there is already plenty of water in place, so the impact is still great. ...211 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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