The Daily Dose of Trading Comments

It's just more of the same as we wind down another day of buy and buy more. We are bumping up against the highs set earlier on the release of the FOMC meeting minutes and it appears that the only turkeys on Thanksgiving this year will be those who either wouldn't go long this morning or those who tried to call the top. Although my fears of a quick retrace continue to grow, you can't deny that this market is making a believer out of everyone at this point. As soon as we feel it has most sucked in, it will be time to consider a hedge again or simply to lighten up sufficiently to avoid the pain of a quick deep retrace. So we wait ...