Cobra's Market View

The market seems so bullish, I can't help but be compelled to BTFD today.

Fingers-crossed for waterfall to 400 LOL

http://www.bnn.ca/News/2013/4/24/SP-500 ... alyst.aspx

As a beginner, this market makes me want to stay in cash, very scary.

Judging from earnings, it looks like a slight bounce tomorrow until the waterfall eventually comes in a few days.

Today seems like it will be a boring day.

I don't see how this could continue to go up tomorrow, it's punching through my BBs. Thoughts on buying puts on SPY just for tomorrow's slump back to reasonableness?

Does it make sense to close my (december) calls right away right now? As a newbie, I'm a little scared. pay attention to your emotions here--the problem is not holding or not holding--the problem is how you feel. if you have a clear plan when you get into the position exit is fairly clear. win lose...

Does it make sense to close my (december) calls right away right now? As a newbie, I'm a little scared.

I'm heading back to school soon, and I gotta get outta this game in order to pay for tuition. Would you guys say now is a good time to pull my positions out into cash before it sinks further?