Reason is follows:
1. stock is overvalued.
2. Earning growth is stalled.
3. Global economy is entering recession.
4. US manufacturing, GDP is falling down.
5. global trade is falling down.
6. Fed is no longer promising to support market.--no 0% interest rate, no for now.
This could be changed any point of time at Fed meeting, but for now, pointing down.
If stock price is below 200MA, and 50MA, I only short at the high peak. I wait till price goes up to the highest peak.
I do nothing until then. Then, start to short once I noted peak is start to fall down.
all of your statements are way too general and more sentiment driven than factual. let's see the data first and the candles before we start stating personal sentiment as fact.
this bull run from Oct. 2011 to recent highs is one large impulse wave. technically it's probably a wave 4 and technically the SPYders could retrace all the way to 173 and still be considered a corrective move. if we fail that area then I'll be more bearish than neutral/bullish but only after the data and the candles confirm.
and in Oct. 2011, the same folks we're saying, "Omg, the sky is falling" result: we rallied for 4 years. more important than any of the rhetoric is for people to manage their risk and keep their stops tight in this volatility... and trade off solid technicals, not rhetoric. cheers.