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Wall Street bulls sniff out Dow 20,000
As the weekend approaches, the Dow celebrates another new high and traders are afraid to get in the way of a steamroller market even as many stocks seem to be pricey. "At this point the market is getting harder to buy, but very painful for shorts as most targets have been met or exceeded before it was supposed to happen in a Santa Claus rally, near Christmas. It makes it a very tricky time for traders. Even the most bullish traders don't want to feel like they're chasing it now. The worst thing you could do is revenge the rally, which is if you sold early, start shorting. I talked to a lot of traders who shorted the ... (full story)