Pressure Cooker

If you can't feel the pressure to "keep up with the Dow Joneses" then you're not paying attention. Even I can sense the frustration and I'm not paying that much attention to the market.

Bernanke's remarks certainly made the troops feel good and though we're back in overbought territory, I doubt that is enough to keep this optimisic mood from turning on a dime. Only major unexpected bad news is going to do that and we know how rewarding it has been to be leaning on that side of the trade lately.

Of course, when things look this good, you have to wonder where the hard trade is. Is it going long after you missed the rally or staying stubborn by sitting in cash or being short? I'll let you think about that for awhile. See you tomorrow.