Waiting For The Crash

Ben Bernanke's speech was actually worse than expected. Most were expecting Bernanke to at least lay out his policy options and he did not even do that. So why is the market rallying? Because the bears were shorting in anticipation of today's event and the bulls were afraid as well. I heard numerous crash predictions for today. This is what happens when the crowd is lined up on one side of a trade.

 

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