Didn't there used to be some perceived piece of wisdom that went something like "The market won't tank until the guy who's been coughing up extra margin for his short all the way up decides to capitulate"?

...Or another way of looking at it, "Until the last guy short-covers, since who is filling their boots with stocks at these prices?"

Perhaps gold is now seen as overvalued, and stocks are the big hedge against the 100% racing certainty of inflation.

I would not be surpised if there were a number of investment banks that need a high stock market evaluation lest they actually be insolvent on paper should there be serious write-downs to their portfolios.

I, for one would laugh my socks off if over the next few days, the dollar and bonds rallied, and everything else tanked.

Going countertrend kills you slowly if the trend continues.

Going with the trend kills you instantly if you get a big correction pullback through the entire channel!

Nail some colours to the mast folks - Which of these mini black swans is likely to happen first (if ever even!)

(1) DX back over 80.0
(2) Tbonds back over 120
(3) Beans back below 1300
(4) Gold back over 1400
(5) S&P below 1260

I hope there is enough bull and bear argument there to suit everyone's tastes!