A diary of the thought process behind my investment decisions
The Deciding Factor
While sentiment is now on the bullish side, there is still room for sentiment to get more extreme whether looking at the put/call ratios, Rydex or the Investors Intelligence survey. The reason I decided to make a stand here on the short side is the shear amount of secondary offerings that are about to hit this market. I believe that the supply will at a minimum give the market pause through the end of the week and possibly takes the S&P 500 back down through 1130.