The jobs report was better than expected; the market continues this extraordinary move higher. Banks by a large majority passed government stress tests and they are continuing to lead.
I sold more of my portfolio this AM into this pre-market strength.
My cash position is growing and my short position is stable in size, but starting to ache like a pain in the neck as the paper loss grows. However, I am still net long the market until we reverse.
We are getting closer to the end of this rally with every passing day, but nobody can time it exactly right.
“get greedy when others are fearful and fearful when others are greedy”