In any event, lets take a look at the DOW chart:
|From WebSurfinMurf's Financial Blog|
To give you an idea how significant 24% is, in 2003 from the recent market bottom, the market rose 24% in 24 weeks. And back then the world banking system wasn't under a possible crash scenario.
I won't bother posting the charts, but stocks I am (and most Happy John is also) shorting these stocks:
The ETF DEE is kinda a crazy one, so I am doing only 100 shares to watch. If DEE gets to 100+ I'm in big. I'll reprint the list above when I start to cover.
Happy Johns "high risk" play is buying FAZ. I have been raped by playing with FAS, so I'm not joining him.
So I expect a market pullback, few days or a week or two, before the Obama rally party resumes.
I am still in long resource stocks in Gold, Oil, Food, etc, but lightened up a little and added the shorts above.