$ProShares UltraPro Short QQQ ETF (SQQQ.US)$ recession? rece...

Skye7171 : You don’t think it’s coming at all? Please explain. The past day or two has been completely unnatural; for the past month, we’ve been in a huge bull rally, even though many companies, some S&P members included, have missed earnings, all of which is the setup toward this run ending soon. The artificial growth right now will lead to the MM’s and hedgies taking profit (their pump, their dump) which will cause them to then go bearish and work this down as it should’ve been right before JPow’s speech. Although his speech was optimistic, it was not bullish to the point where the market practically squeezed thanks to the MM’s using it as a reason to do so IMO. Overall, I think bulls should congratulate themselves, then start taking profit and being careful. People are being way too bullish right now, and it’s not wise to think that way for a long period in these manipulated conditions.

ctm03232012 OP Skye7171 :