You don't hear anyone saying "short the Fed statement". I'm not even sure the Fed will do anything. Operation Twist will not help anything but Treasuries. [more]
This one is a little long in the tooth to have a PE of 100. AMZN has nowhere to go but down. The PE just isn't going to increase from here. Sell now at 100x earnings and be happy with your gains.
It's time to be greedy now. Others are clearly fearful. Ron Paul is taken seriously these days. Look back at 2008...and "Ol' Hopey" was taken seriously. Suckers have traded in optimism in empty and generalized promises for interest in some libertarian "let's abolish the Fed and go back to the gold standard" drivel. But just because they're suckers doesn't mean they aren't useful - especially as a guage of excessive optimism or fear in the markets. As PT Barnum saw it, "there's one born every minute", and that's a good way to pad your pocket. [more]