Buyout Fatigue

I'm so tired on turning on Bloomberg radio in the morning and hearing about the next slew of buybacks. It just confirms my fears about greed of CEO's plus it shows a slowing economy.

Things of note: my EUR/USD short is still working; currently 134.45

Plus long bonds still looking not so good, meaning long rates are coming up. It's funny how CNBC et al. don't notice this happening. Instead it's "record closes" blah blah.

BTW I'm starting to think that this market is going to take out the S&P 500 all-time record. Remember what I said? Traders love record highs and lows; they present lovely targets for trading campaigns.

I'm giving serious thought to ditching my Russell 2000 short position. It hasn't broken down as I had hoped. In fact I might go long the IWM and the qqqq's soon, because we're in a big rally, whether or not I think it's based on a bunch of BS...apparently the market doesn't care what I think...what's new...

I believe this market is mispricing risk, but sometimes this can go on for years, so let's make hay while we can.