a tough day to be short... i agree, this market is WAY overvalued, but, how do you compete with a central bank that can print as much money as it wants and buy whatever it likes? meanwhile, being SHORT is the logical play, but, when you are on the other side (the counterparty, aka, the casino banks), all you have to do is squeeze the shorts to death and take their money until there is nothing left to squeeze short... then you.. in the words of larry silverstein... you "pull it"