A diary of the thought process behind my investment decisions
Complacency Reigns Supreme
My largest gripe with this market is not so much that everyone is so bullish, but that nobody is scared. Very few feel that there is much danger in the stock market at the current juncture. That really bothers me as the market is inherently risky and normally this prevailing view would cause me to hold a very large short position. However, we are heading into one of those seasonally strong holiday periods where it rarely pays to be short. I am going to stick with my small short position for now.